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2019 Session

Budget Amendments - HB1700 (Member Request)

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Chief Patron: Poindexter
Co-Patron(s): Kilgore
RGGI and TCI Funds Deposited to GF (language only)

Item 4-2.02 #1h

Item 4-2.02 #1h

Revenues
General Fund Revenue

Language

Page 582, after line 11, insert:

"e. REVENUES GENERATED FROM CLIMATE CHANGE COMPACTS

Any revenues generated through participation in any regional climate change compact, including but not limited to the Regional Greenhouse Gas Initiative and the Transportation Climate Initiative, shall be deposited in the general fund and shall not be transferred to any other entity as a condition of such compact nor shall such funds be expended for any projects or programs without the express approval of the General Assembly as evidenced by an appropriation of such funds in a general Appropriation Act."



Explanation

(This amendment provides that any monies derived from projects or programs of regional climate change compacts such as the Regional Greenhouse Gas Initiative (RGGI) or the Transportation Climate Initiative (TCI) shall be deposited to the general fund and not be used for any other purposes without appropriation by the General Assembly.)