View Amendment Current Amendment: DAD 118 contingency reserve fund#1.DOCX to Bill 4950     Senator MCLEOD proposes the following amendment (DAD 118 CONTINGENCY RESERVE FUND#1):
    Amend the bill, as and if amended, Part IB, Section 118, STATEWIDE REVENUE, page 533, after line 4, by adding an appropriately numbered new proviso to read:
/     (SR: Contingency Reserve Fund) (A) The source of revenue appropriated in subsection (B) is from the funds earned in Fiscal Year 2017-18 and deposited into the Contingency Reserve Fund in Fiscal Year 2018-19.
    This revenue is deemed to have occurred and is available for use in Fiscal Year 2018-19 after September 1, 2018, following the Comptroller General's close of the state's books on Fiscal Year 2017-18.
    (B)     The appropriations in this provision are listed in priority order. Item (1) must be funded first and each remaining item must be fully funded before any funds are allocated to the next item. Provided, however, that any individual item may be partially funded in the order in which it appears to the extent that revenues are available.
    The State Treasurer shall disburse the following appropriations by September 30, 2018, for the purposes stated:
        (1)     P320 - Department of Commerce
                    Minority Business Development     $     100,000;
    (C)     Unexpended funds appropriated pursuant to this provision may be carried forward to succeeding fiscal years and expended for the same purposes. /

    Renumber sections to conform.
    Amend sections, totals and title to conform.