March 17, 1999

Mr. President:

Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 4, line 8, remove the brackets and the line through "or".

2. On page 4, line 14, delete the semicolon and insert in lieu thereof a period.

3. On page 4, between lines 14 and 15, insert the following new subsection:

"G. The treasurer of a class A county or the treasurer of a municipality having a population of more than sixty-five thousand according to the most recent federal decennial census and located within a class A county, by and with the advice and consent of the boards of finance charged with the supervision and control of the funds, has the power to invest all sinking funds or money remaining unexpended from the proceeds of any issue of bonds or other negotiable securities of the county or municipality that is entrusted to his care and custody and all money not immediately necessary for the public uses of the county or municipality not invested or deposited in banks, savings and loan associations or credit unions in:".

4. On page 4, line 15, strike "(3)" and insert in lieu thereof "(1)".

5. On page 4, line 25, strike "(4)" and insert in lieu thereof "(2)".

6. On page 5, line 10, strike "(5)" and insert in lieu thereof "(3)".

7. Reletter succeeding subsections accordingly.,

and thence referred to the FINANCE COMMITTEE.

Respectfully submitted,

__________________________________

Roman M. Maes, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 4 For 2 Against

Yes: 4

No: Kidd, Kysar

Excused: Aragon, Fidel, McKibben, Robinson

Absent: None

H0816CT1 .129271.2