2803-S AMS SHOR S7409.1
SHB 2803 - S AMD 1278
By Senator Short
NOT ADOPTED 03/04/2020
On page 3, line 22, after "(3)" insert "If revenues are transferred from the budget stabilization account under Article VII, section 12(d)(ii) of the state Constitution, the amounts paid to a tribe under subsection (2)(a) through (d) of this section must be reduced by twenty-five percent for the two fiscal years subsequent to the fiscal year in which the transfer occurs.
(4)"
Renumber the remaining subsections consecutively and correct any internal references accordingly.
EFFECT: Requires a 25 percent reduction in shared-revenues for two years if the legislature transfers funds from the rainy day fund due to an economic downturn.
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