Chapter 109
AN ACT
HB 5049
Relating to financial administration of the State Treasurer; limiting
expenditures; and declaring an emergency.
Be It Enacted by the People of
the State of
SECTION 1. Notwithstanding any other law limiting
expenditures, the following amounts are established for the biennium beginning
July 1, 2007, as the maximum limits for payment of expenses from fees, moneys
or other revenues, including Miscellaneous Receipts, but excluding lottery
funds and federal funds, collected or received by the State Treasurer, for the
following purposes:
(1) Administrative expenses of
State Treasury
operations $ 25,716,927
(2) Administrative expenses of
the
Network $ 2,828,398
SECTION 2. For the biennium beginning July 1, 2007,
expenditures made by the State Treasurer to pay for cash management services
are not limited.
SECTION 3. This 2007 Act being necessary for the
immediate preservation of the public peace, health and safety, an emergency is
declared to exist, and this 2007 Act takes effect July 1, 2007.
Approved by the Governor May 9, 2007
Filed in the office of Secretary of State May 10, 2007
Effective date July 1, 2007
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