SJ 3-2_ Filed 01/26/2007, 10:58
COMMITTEE REPORT
MADAM PRESIDENT:
The Senate Committee on Appropriations, to which was referred Senate Joint Resolution
No. 3, has had the same under consideration and begs leave to report the same back to the
Senate with the recommendation that said joint resolution be AMENDED as follows:
SOURCE: Page 1, line 9 -->
Page 1, line 9, after "of" insert "
at least".
Page 1, line 12, delete "decreased." and insert "
decreased to less
than five hundred million dollars ($500,000,000).".
Page 2, line 2, after "Fund" insert "
and any amount of principal
that exceeds five hundred million dollars ($500,000,000)".
Page 2, delete lines 8 through 16, begin a new paragraph and insert:
"
(a) The principal of the Next Generation Trust Fund shall be
derived from and consists of the following sources:
(1) The balance, as of June 30 after approval by the voters of
Indiana of Article 10, Section 9 of the Constitution of the State
of Indiana, of the Next Generation Trust Fund established by
the General Assembly.
(2) To the extent the balance described in subdivision (1) is
the less than five hundred million dollars ($500,000,000), the
difference shall be transferred to the Next Generation Trust
Fund from:
(A) the state general fund; or
(B) other sources the General Assembly specifies by law.".
(Reference is to SJR 3 as introduced.)
and when so amended that said joint resolution do pass.
Committee Vote: Yeas 10, Nays 0.
____________________________________
WyssActing Chairperson