Title
AN ACT RELATING TO AMENDING LEGISLATIVE ACT #26-06 AUTHORIZING THE COMPREHENSIVE BUDGET FOR FISCAL YEAR 2007 - MOD 4; AND DECLARING AN EMERGENCY
Body
SECTION 1. TITLE AND CODIFICATION
This legislative act shall be titled and codified as "An Act Amending Legislative Act #26-06 Authorizing the Comprehensive Budget for Fiscal Year 2007 - Mod. 4".
SECTION 2. PURPOSE
The purpose of this amendment is to authorize and approve the use of funds, subject to the availability of such funds, in accordance with Section 4, changing the amounts of certain cost centers approved in the "Comprehensive Budget Act for Fiscal Year 2007" or subsequent amendment. The cumulative total of the budget is increased by $5,371,774 for a total budget authority of $375,903,792. The following items are identified as estimated General Fund sources in excess of appropriated uses to wit:
A. General Fund B. Motor Fuels Tax Previous Estimated Estimated Adjusted Balance Sources Uses Balance $4,166,305 $319,299 <$452,872> $4,032,732 $326,631 $0 <$0> $326,631
SECTION 3. LEGISLATIVE HISTORY
The provisions of compliance, policy of accountability, authorities and severability provided in Legislative Act #26-06 are applicable to this amendment.
SECTION 4. FUNDING AUTHORIZATIONS
The changes reflect increases to cost centers set forth in the program budget justifications incorporated herein. This amendment changes the total amount of the comprehensive budget authorization by an increase of $5,371,774, to wit:
A. A net increase in the General Fund budget authority of $452,872 related to several program's carryover funding and certain reallocations from the Indirect Cost Pool.
B. A decrease in the Indirect Cost Pool budget authority of <$98,531> related to the shifting of unallowable costs to the General Fund.
C. A net decrease in the Motor Vehicle Tax Fund budget authority of <$813,342> related to carryover adjustments and prior year revenue apportionments.
D. A reallocation in the IHS Self Governan...
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