Adopted by House 3-7-07
SB185 HFIN AM 3-4
The Committee on Finance moves to amend the bill on page six, section one-a, line twenty-one, following the word "of" by removing the word "fifty" and inserting in lieu thereof the word "forty- five";
On page seventeen, section eight, line four, following the word "chairperson" and the comma by inserting the words "the Treasurer of the State of West Virginia,";
On page seventeen, section eight, line four, following the word "and" by removing the word "four" and inserting in lieu thereof, the word "three";
On page twenty-two, section eleven, line fifty-eight, by removing subsection (13) in its entirety;
On page twenty-two, section eleven, line sixty, by removing subsection (14) in its entirety;
On page twenty-three, section eleven, line seventy-seven, following the word "subsection" by removing the designation (7) and inserting in lieu thereof the designation (8) and by redesignating all subsections in section eleven accordingly;
On page twenty-four, section twelve, line nine, following the word "than" by removing the words "eight hundred" and inserting in lieu thereof the words "seven hundred seventy-five";
On page twenty-five, section twelve, line forty-seven, following the word "than" by removing the words "eight hundred" and inserting in lieu thereof the words "seven hundred seventy-five"; and
On page twenty-six, section twelve, line sixty-four, following the designation "(7)" by removing the subsection in its entirety and inserting in lieu thereof the following: "A requirement that the cost of issuance excluding fees for bond insurance, credit enhancements, liquidity facilities and rating agency fees, plus underwriter's discount and any other costs associated with the issuance shall not exceed, in the aggregate, the sum of one percent of the aggregate principal amount of the bonds issued."