SB 243: An Act relating to the four dam pool transfer fund. Senator Robin Taylor and Randy Welker, Legislative Auditor testified in support of SB 243. The bill was HELD in committee for additional review. SENATE BILL NO. 243: An Act relating to the four dam pool transfer fund. Co-chair Frank directed that SB 243 be brought before the committee and invited Senator Taylor to speak to the bill. Senator Taylor said that SB 243 was introduced by Senate Rules Committee at the request of Legislative Budget & Audit after it approved a specific motion reaffirming the intent of the legislature to appropriate from the Four Dam Pool Transfer fund to the Southeast Energy Fund. He cited letters from the Department of Law and maintained that if the legislation retains current language, the needed fund transfer cannot be accomplished in the current fiscal year. Senator Sharp voiced his surprise at the overview from DC&RA showing a new general fund requirement for $525,000 to administer the electrical division. Discussion followed by Senators Rieger and Taylor whether SB 243 would address Senator Sharp's concern. Co-chair Frank invited Randy Welker, Legislative Auditor, to speak to SB 243. RANDY WELKER explained that when the Four Dam Pool Transfer Fund was established the language accompanying it directed sub-accounts for that money into the three different funds including the "subject to appropriation" language. The corresponding appropriations were then written directly out of the sub-funds and the appropriation link between the Transfer Fund and the sub- funds was inadvertently left out. He said that SB 243 is a technical amendment to accomplish the legislature's original intent and would not cause any inter-fund problems since all sub-accounts are within the general fund. Co-chair Frank asked for a flow chart prepared by Legislative Finance to be included in the members' files. Senator Sharp requested the Department of Community & Regional Affairs to give the committee an update on the new energy division. It was decided that on January 28, 1994 during the budget overview, the energy division would be reviewed. Senator Kerttula asked that Donald Harris from McGrath be invited to come before committee and speak to these issues. Co-chair Frank announced that SB 243 would be HELD in committee.