Adopted

AMENDMENT NO 1 PROPOSED TO

Cmte Sub for Senate Bill No. 2736

BY: Senator(s) Doxey

     AMEND by striking lines 309 through 311 and inserting in lieu thereof the following:

          (e)  The Mississippi Transportation Commission shall submit to the State Bond Commission, for its approval, any agreement authorized under this subsection in which the proceeds of bonds or notes that are issued are utilized to advance the cost of a highway construction project to the commission.  The State Bond Commission shall approve the agreement only if it determines that the financing aspects of the project are fiscally sound and the repayments do not exceed the limitation set forth in paragraph (b)(iv) of this subsection.