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