***Adopted***

AMENDMENT No. 1 PROPOSED TO

                             Committee Sub. for HB NO. 1652

                             By Senator(s) Committee

     AMEND BY STRIKING LINES 79 THROUGH 83 AND INSERT IN LIEU THEREOF THE FOLLOWING:

     (3)  (a)  Contracts for the acquisition, purchase, construction, improvement, equipping, furnishing, leasing and/or selling of a project and improvements thereon as authorized in this act shall be entered into upon the basis of public bidding pursuant to Section 31-7-1 et seq., Mississippi Code of 1972.

          (b)  The authority is further authorized, however, to acquire, purchase, construct, improve, lease and sell industrial buildings and land without the necessity of public bidding under Section 31-7-1 et seq., Mississippi Code of 1972.  This paragraph (b) shall stand repealed from and after July 1, 2004.