House of Representatives State of Utah


         UTAH STATE CAPITOL COMPLEX . 350 STATE CAPITOL
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Graphic file number 0 named letter~1.jpg with height 78 p and width 81 p Left aligned
         P.O. BOX 145030 . SALT LAKE CITY, UTAH 84114-5030 . (801) 538-1029         January 28, 2008

Mr. Speaker:

    The Revenue and Taxation Committee reports a favorable recommendation on H.B. 49, BUDGET RESERVE ACCOUNT AND DISASTER RECOVERY ACCOUNT AMENDMENTS, by Representative W. Harper, with the following amendments:

1.    Page 5, Lines 123 through 126 :    

             123          (d) Notwithstanding Subsection

{   (2)   }        (3)       , the Division of Finance shall hold back the

             124      General Fund balance for debt service authorized by this Subsection [(3)] (4) before making
             125      any transfers to the General Fund Budget Reserve Account or any other designation or
             126      allocation of General Fund revenue surplus.

2.    Page 5, Lines 138 through 140 :    

             138          [(5) All] (6)
{   Except as provided in Subsection (4)(b), interest   }        Interest       generated from

             139      investments of money in the General Fund Budget Reserve Account shall be deposited into the
             140      account.

    Respectfully,

    John Dougall
    Committee Chair

Voting: 8-0-6
3 HB0049.HC1.wpd 1/28/08 10:01 am bhowe/BRH JLF/JQC

Bill Number
Action Class
Action Code

*HB0049*
*H*
*HCRAMD*

 HB0049
H
HCRAMD