(Doc Name COUNCIL\DG\4950C045.BBM.DG18.DOCX):
EXPLANATION:
Amend the bill, as and if amended, Part IB, Section 112, DEBT
SERVICE, page 458, paragraph 112.1, lines 11-14, by amending
Amendment H:\LEGWORK\HOUSE\AMEND\H-WM\001\H2 AMEND.DOC, BY
STRIKING THE PROVISO IN ITS ENTIRETY AND INSERTING:
/ 112.1. (DS: Excess
Debt Service) The State Treasurer shall transfer, from
debt service that exceeds the principal and interest due in the
current fiscal year, $15,000,000 to the Department of Education
for teacher hiring incentives and bonuses, $15,000,000 to the
Department of Corrections for correctional officer hiring
incentives and bonuses, $13,360,642 to the Department of
Corrections for Critical Security Upgrades including, but not
limited to, installation of additional security measures for
window frames and glazing, opaque glazing, food flaps, cuff
ports and door locks for inmate cells, housing units and
correctional facilities and $10,000,000 to Aid to Subdivisions -
State Treasurer for the Local Government Fund. Also, the
Treasurer shall utilize $14,078,993 to provide a one-time rebate
to each utility customer subject to the additional fee
authorized by the Base Load Review Act who is also eligible for
Medicaid. The Treasurer shall establish a process by which the
rebate is awarded, but the amount of the rebate must be the same
for each customer. Any additional excess debt service
funds from available in Fiscal
Year 2016-17 2018-19
must may be carried
forward and expended in Fiscal Year 2017-18
expended in the fiscal year to pay down general
obligation bond debt for which the State (1) is paying the
highest rate of interest, (2) will achieve relief in constrained
debt capacity, or (3) reduce the amount of debt issued.
/
Renumber sections to conform.
Amend totals and titles to conform.