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Amend HB 2 (Senate committee printing) by adding the
following appropriately numbered new SECTION after existing
SECTION 1 of the bill and renumbering the other existing SECTION of
the bill accordingly:
SECTION _____. (a) On August 31, 2008, the comptroller of
public accounts shall transfer into the property tax relief fund an
amount of unappropriated general revenue available for
certification equal to $2 billion, except that:
(1) if the amount of unappropriated general revenue
available for certification in the state treasury on August 31,
2008, is greater than $2 billion, the comptroller shall transfer
into the property tax relief fund on that date an amount of general
revenue equal to the lesser of $3 billion or the amount of
unappropriated general revenue available for certification in the
state treasury on that date; and
(2) if the amount of unappropriated general revenue
available for certification in the state treasury on August 31,
2008, is less than $2 billion, the comptroller shall transfer into
the property tax relief fund on that date all unappropriated
general revenue available for certification in the state treasury
on that date.
(b) Notwithstanding Section 1 of this Act, money
transferred under this section is not appropriated by this Act and
may not be appropriated for expenditure during the state fiscal
biennium ending August 31, 2009.