HB218 HFIN AM 6-24
The Committee on Finance moves to amend the bill on page three, section five, line nineteen, following the words "motor fuel" and the colon, by striking out the remainder of the paragraph and inserting in lieu thereof the following:
"Provided, however, That for calendar year two thousand nine, the average wholesale price of motor fuel shall not exceed the average wholesale price of motor fuel for calendar year two thousand eight as determined pursuant to the notice filed by the Tax Commissioner with the Secretary of State on the twenty-first day of November, two thousand seven and published in the state register on the thirtieth day of November, two thousand seven."
And,
On page six, section forty-eight, by striking out subsection (a) in its entirety and inserting in lieu thereof a new subsection (a) to read as follows:
"(a) There is hereby created in the State Treasury a special fund to be known and designated as the "Motor Fuel Excise Tax Shortfall Reserve Fund" to be administered by the Tax Commissioner for the purposes provided by this section. The fund shall consist of moneys transferred to the general revenue fund pursuant to appropriation of the Legislature. At then end of each fiscal year, during the fund's existence, the moneys in the fund shall not expire to the general fund, but shall remain available for expenditure during the ensuing fiscal year. The fund shall terminate on the first day of February, two thousand ten. Any moneys remaining in the fund on that termination date shall be transferred to the general revenue fund. No provision of this section may be construed to require funding for the purposes of this section in excess of amounts transferred to the fund pursuant to appropriation of the Legislature.".