05/10/2003 09:05 AM Senate FIN

                                                                                                                                
     CS FOR HOUSE BILL NO. 109(FIN)                                                                                             
     "An  Act  relating  to  the limitation  on  payment  of  state                                                             
     treasury warrants and to the  payment of a claim for which the                                                             
     appropriation  has  lapsed;  and providing  for  an  effective                                                             
     date."                                                                                                                     
                                                                                                                                
                                                                                                                                
LINDA SYLVESTER, Staff to Representative  Bruce Weyhrauch, informed                                                             
the  Committee  that  this bill  would  streamline  the  accounting                                                             
functions  for two items:  stale-dated  warrants and  Miscellaneous                                                             
Claims. She  stated that rather than  the current process  in which                                                             
the funds  designated for warrants  are transferred to  the general                                                             
fund if  they are  not cashed  within two years  of issuance,  this                                                             
legislation would designate that  the funds for warrants not cashed                                                             
within  six  months  of  issuance   would  be  transferred  to  the                                                             
Department of Revenue's "Unclaimed Property Section." She explained                                                             
that this action would allow delinquent  claims to be paid when the                                                             
warrants   are  submitted,   without  requiring   the   originating                                                             
department to request funds to  be re-appropriated from the general                                                             
fund via the Fast Track Supplemental bill.                                                                                      
                                                                                                                                
Senator Olson asked  whether there is any opposition  to this bill.                                                             
                                                                                                                                
Ms. Sylvester stated there is none.                                                                                             
                                                                                                                                
Senator  Taylor  moved  to report  the  bill  from  Committee  with                                                             
individual recommendations and accompanying fiscal note.                                                                        
                                                                                                                                
There  being no  objections,  CS HB  109  (FIN) was  REPORTED  from                                                             
Committee  with  zero  fiscal   note  #1  from  the  Department  of                                                             
Administration.