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2020 Session

Budget Amendments - HB30 (Floor Approved)

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ABC Net Profit Transfers (language only)

Item 3-1.01 #1h

Item 3-1.01 #1h

Transfers
Interfund Transfers

Language

Page 513, line 6, strike "$121,800,000" and insert "$125,100,000".

Page 513, line 6, strike "$125,200,000" and insert "$128,700,000".



Explanation

(This amendment increases the estimated transfer to the general fund of net profits from ABC gross store sales by $3.3 million the first year and $3.5 million the second year, based upon higher assumed sales and profits in the current fiscal year. A corresponding amendment to House Bill 29 increases the estimated net profit transfer to the general fund by $3.2 million in the current fiscal year.)