SF0001S3050

This amendment adds a new section authorizing the Department of State Parks and Cultural Resources to conduct appraisals of concessionaire business investments and reimburse appraised values from re-appropriated and newly appropriated funds.

• Re-appropriates up to $3,000,000 from the Department of State Parks and Cultural Resources' special revenue fund account (from 2021 capital construction projects) for concessionaire reimbursement purposes. (Page 141-142, lines 8-14 (subsection a))
• Appropriates an additional $500,000 from the Department of State Parks and Cultural Resources' special revenue fund account for the purposes specified in this section. (Page 142, lines 16-20 (subsection b))
• Requires the Department of State Parks and Cultural Resources to conduct full appraisals of the capital investment value and ongoing concern of concessionaire businesses not selected for long-term contracts, excluding land and location value. (Page 142, lines 22-29 (subsection c))
• Limits concessionaire reimbursement expenditures to the lesser of the combined re-appropriated and appropriated funds ($3,500,000) or the appraised value of each concessionaire's investment. (Page 142-143, lines 31-36 (subsection d))
• Requires Attorney General review and written approval before any expenditures are made under this section. (Page 143, lines 2-3 (subsection e))
• Restricts re-appropriated and appropriated funds to concessionaire reimbursement purposes only and prohibits transfer for other uses. (Page 143, lines 5-7 (subsection f))
• Authorizes funds appropriated and re-appropriated under this section to revert to the Department of State Parks and Cultural Resources' special revenue fund account on June 30, 2028, notwithstanding standard reversion statutes. (Page 143, lines 9-13 (subsection g))
• Makes this section effective immediately upon enactment. (Page 143, line 15 (subsection h))

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