FIFTY-THIRD LEGISLATURESB 52/a

SECOND SESSION, 2018

February 2, 2018

Mr. President:

    Your FINANCE COMMITTEE, to whom has been referred

SENATE BILL 52

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On page 1, line 25, after the period, insert “Any unexpended or unencumbered balance remaining at the end of a fiscal year shall revert to the general fund.”.

    2. On page 6, between lines 22 and 23, insert the following new sections:

    “SECTION 3. APPLICABILITY.–The initial audit conducted pursuant to Section 1 of this act shall be only for expenditures occurring on or after January 1, 2019.

    SECTION 4. EFFECTIVE DATE.–The effective date of the provisions of this act is January 1, 2019.”.

                               Respectfully submitted,

                               ___________________________________

                               John Arthur Smith, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 10 For 0 Against

Yes:     10

No:      0

Excused: Neville, Rodriguez

Absent:  None

SB0052FC1.wpd                                              .209939.2