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2025 Session

Budget Amendments - SB800 (Committee Approved)

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Prohibition on Extending Credit or Loans to Third Parties (language only)

Item 4-1.01 #1s

Item 4-1.01 #1s

Appropriations
Prerequisites for Payment

Language

Page 667, after line 4, insert:

"i. No state agency may extend credit or loan money to any third party, including any government agency, local government, or non-governmental person or entity, without express statutory authority to extend credit or loan government funds. General authority to enter into contracts is not sufficient to authorize the extension of credit pursuant to this act."



Explanation

(This amendment provides that no state agency may extend credit or loan money to any third party, including any government agency, local government, or non-governmental person or entity, without express statutory authority to extend credit or loan government funds. General authority to enter into contracts is not sufficient to authorize the extension of credit pursuant to this act.)