*** Pending ***

COMMITTEE AMENDMENT NO 1 PROPOSED TO

House Bill No.   17

BY: Committee

     AMEND on Line 14 by striking the words and figure "twenty-four (24)" and inserting in lieu thereof the following:  "fourteen (14)"

     AMEND FURTHER on Line 16 after the period by inserting the following:  "However, from and after the effective date of this act through January 31, 2007, the money so borrowed shall bear interest at a rate not greater than that allowed in Section 75-17-105 and shall be repaid within twenty-four (24) months from the date of such borrowing out of the taxes and revenues in anticipation of which such money is borrowed."