FORTY-THIRD LEGISLATURE
                        SECOND SESSION, 1998
  
  
                                                February 14, 1998
  
  
  Mr. Speaker:
  
       Your GOVERNMENT AND URBAN AFFAIRS COMMITTEE, to
  whom has been referred
  
                        HOUSE BILL 445
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 1, line 23, strike "Every" and insert in lieu
  thereof "Prior to adopting an ordinance issuing industrial
  revenue bonds, every".
  
       2.  On page 1, line 25, strike "timely".
                                          
       3.  On page 2, line 2, after the period insert:
  
       "The notice shall be delivered at least thirty days prior
  to the meeting at which final action on the ordinance is to be
  taken.".
  
       4.  On page 2, line 10, after "to" insert "adopting an
  ordinance".
  
       5.  On page 2, line 18, after the period insert:
  
       "Any request made pursuant to this subsection shall be
  delivered to the municipality and the company at least twenty-
  one days prior to the meeting at which final action on the
  ordinance is to be taken.".
  
       6.  On page 2, line 23, strike "with" and insert in lieu
  thereof "payable from".
  
       7.  On page 3, line 4, strike "negotiation" and after
  "requirement" insert "of a payment in lieu of taxes".
  
       8.  On page 3, line 4, strike the closing quotation marks
  and between lines 4 and 5, insert the following new
  subsection:
  
            "C.  As used in this section, "significant impact"
  means likely to result in:
  
                 (1)  an increase of more than fifteen percent
  in the school district's membership over a three-year period;
  or
  
                 (2)  an increase in the capital costs of
  meeting the projected growth payable from general obligation
  bonds that would result in the school district exceeding
  seventy-five percent of its general obligation bonding
  capacity."".
            
       9.  On page 3, line 7, strike "Every" and insert in lieu
  thereof "Prior to adopting an ordinance issuing industrial
  revenue bonds, every".
  
       10.  On page 3, line 9, strike "timely".
  
       11.  On page 3, line 11, after the period insert "The
  notice shall be delivered at least thirty days prior to the
  meeting at which final action on the ordinance is to be
  taken.".
   
       12.  On page 3, line 18, after "to" insert "adopting an
  ordinance".
  
       13.  On page 4, line 1, after the period insert:
  
       "Any request made pursuant to this subsection shall be
  delivered to the county and the company at least twenty-one
  days prior to the meeting at which final action on the
  ordinance is to be taken.".
  
       14.  On page 4, line 6, strike "with" and insert in lieu
  thereof "payable from".
  
       15.  On page 4, line 12, strike "negotiation" and after

  "requirement" insert "of a payment in lieu of taxes".
  
       16.  On page 4, line 12, strike the closing quotation
  marks and between lines 12 and 13, insert the following new
  subsection:
  
            "C.  As used in this section, "significant impact"
  means likely to result in:
  
                 (1)  an increase of more than fifteen percent
  in the school district's membership over a three-year period;
  or
  
                 (2)  an increase in the capital costs of
  meeting the projected growth payable from general obligation
  bonds that would result in the school district exceeding
  seventy-five percent of its general obligation bonding
  capacity."".,
  
  and thence referred to the TAXATION AND REVENUE
  COMMITTEE.
  
                                Respectfully submitted,
  
  
  
                                <u>                                 
                                </u>                             Lynda M. Lovejoy, Chairman
  
  
                                     Adopted <u>                      </u>   Not Adopted <u>                        </u>
            (Chief Clerk)                      (Chief Clerk)
  
                       Date <u>               </u>
  
  The roll call vote was <u> 3 </u> For <u> 2 </u> Against
  Yes:      3
            No:       Hobbs, Wallace
            Excused:  Pearce, Saavedra
            Absent:   None
  
  
  .123377.1
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