Amendments agreed to by the Senate are the Senate Floor Approved Amendments and the following amendment which replaces Senate Floor Approved amendment 266#1s.
Item 266 #1s | First Year - FY2019 | Second Year - FY2020 | |
| Finance |
| Department of Accounts Transfer Payments | FY2019 ($20,000,000) | FY2020 ($70,700,000) | GF |
Language:
Page 217, line 33, strike "$50,000,000" and insert "$30,000,000".
Page 217, line 33, strike "$220,700,000" and insert "$150,000,000".
Page 217, line 37, following "A." strike "There" and insert "Pursuant to the second enactment of this Act, there".
Page 217, line 37, strike "$50,000,000" and insert "$30,000,000".
Page 217, line 38, strike "$220,700,000" and insert "$150,000,000".
Page 217, strike line 43 through line 52.
Page 218, strike line 1 through line 25.
Explanation
(This amendment reduces the proposed deposit to the Revenue Cash Reserve by $90.7 million over the biennium and directs that language in Part 4 control the planned deposits to the cash reserve account.With these amendments, the total deposit to the Revenue Cash Reserve, inclusive of the FY 2018 deposit of $156.4 million, is $336.4 million GF over the biennium. It is the intent of the General Assembly that the Revenue Cash Reserve will be fully capitalized within four years, with deposits into the Revenue Cash Reserve through FY 2022 totaling two percent of general fund revenues.)