HB0001H3098

This amendment adds a new section authorizing the Department of State Parks and Cultural Resources to conduct appraisals and reimburse concessionaires for capital investment and goodwill value when they are not selected for long-term contracts.

• Re-appropriates up to $3,000,000 in special revenue funds from the 2021 capital construction projects appropriation to the Department of State Parks and Cultural Resources for concessionaire reimbursement purposes. (Page 141, lines 8-14)
• Requires the department to conduct a full appraisal of capital investment and ongoing concern value (excluding land and location value) for any concessionaire not selected or pending selection for a subsequent long-term contract. (Page 141, lines 16-23)
• Authorizes the department to expend funds up to the lesser of the re-appropriated amount or the appraised value to reimburse a concessionaire's appraised value. (Page 141, lines 25-30)
• Requires attorney general review and written approval before any expenditure can be made under this section. (Page 142, lines 32-33)
• Restricts the re-appropriated funds to concessionaire reimbursement only, prohibiting transfer or expenditure for any other purpose. (Page 142, lines 35-36)
• Makes this section effective immediately upon enactment. (Page 142, line 2)

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