Amend the bill, as and if amended, Part IB, Section 45, OFFICE OF THE ATTORNEY GENERAL, page 423, paragraph 45.5, by striking the paragraph in its entirety and inserting:
/45.5. (AG: Water Litigation)
The Office of the Attorney General is authorized to expend Water Litigation funds in the current fiscal year to reimburse Water Litigation expenditures incurred in the prior fiscal year. A record of Water Litigation expenses from the prior fiscal year shall be made available to the Senate Finance Committee and the House Ways and Means Committee. During the current fiscal year the Attorney General must use the remaining Water Litigation funds only as follows: twenty-five percent of the balance on July first must be transferred to the Commission on Indigent Defense for the Civil Appointment Fund, twenty-five percent of the balance on July first must be used only for legal expenses incurred by the Attorney General regarding Federal litigation and litigation with other states, and fifty percent of the balance on July first must be transferred to the Department of Natural Resources by September first for law enforcement operations. Unexpended Water Litigation funds must be transferred to the Tax Relief Reserve Fund. /
Amend the bill further, as and if amended, Part IB, Section 90, STATEWIDE REVENUE, page 536, after line 32, by adding an appropriately numbered new proviso to read:
/ 90. . (SR: Tax Relief Reserve Fund) There is created the Tax Relief Reserve Fund, which shall be separate and distinct from the General Fund. Interest accrued by the fund must remain in the fund. Notwithstanding any other provision of law, on December 31, 2012, the State Treasurer shall transfer funds identified in this act from the General Fund to the Tax Relief Reserve Fund. These funds may only be used to provide tax relief to businesses and individuals as provided by law. Funds within the Tax Relief Reserve Fund shall be retained and carried forward to be used for the same purpose. /
Renumber sections to conform.
Amend sections, totals and title to conform.