Rejected by House 3-1-2010

HB4038 HFA MILLER C. 2-25

Delegate Miller, C. moves to amend the committee substitute on page on page four following line thirty three by inserting the following new subsection:
"(d) This section shall be subject to termination and sunset, after conduct of performance audit thereon, pursuant to the provisions of article ten, chapter four of this code, five years after the effective date of the creation thereof, together with allowance for subsequent periods applicable to the winding up of ongoing projects initiated under this section. The performance audit shall be filed with the president of the Senate and the speaker of the House of Delegates. The performance audit required by this subsection shall contain a summary of the impact of the section as initially established, a summary of all entities utilizing the provisions of this section made during the period covered by the audit and their experiences with this section, a summary of the effectiveness of the provisions as of the date of the preparation of the audit; and, an analysis of the total cost of the program to the public, including its effect upon the banking and insurance industries and upon consumers generally, with a special attention paid to the increase, if any, on insurance costs to consumers."

AdoptedRejected