Adopted

AMENDMENT NO 1 PROPOSED TO

Cmte Sub for Senate Bill No. 3085

BY: Senator(s) Tate

     AMEND by deleting Section 3 and insert in lieu thereof the following:

SECTION 3.  Before any tax authorized under this act may be imposed, the governing authorities shall adopt a resolution declaring their intention to levy the tax, setting forth the amount of the tax to be imposed, a description of the project for which the tax revenue collected may be used and expended, and the date upon which the tax shall become effective, and calling for an election to be held on the question.  The date of the election shall be fixed in the resolution.  Notice of such intention and the election shall be published once each week for at least three (3) consecutive weeks in a newspaper published or having a general circulation in the city, with the first publication of the notice to be made not less than forty-five (45) days before the date fixed in the resolution for the election and the last publication to be made not more than fourteen (14) days before the election.  At the election, all qualified electors of the city may vote, and the ballots used in the election shall have printed thereon a brief statement of the amount and purposes of the proposed tax levy and the words "FOR THE SPECIAL HOTEL TAX" and, on a separate line, "AGAINST THE SPECIAL HOTEL TAX," and the voters shall vote by placing a cross (X) or check (✓) opposite their choice on the proposition.  When the results of the election shall have been canvassed and certified, the city may levy the tax if sixty percent (60%) of the qualified electors who voted on the issue in the election voted in favor of the tax.  At least thirty (30) days before the effective date of the tax provided in this section, the governing authorities shall furnish to the Department of Revenue a certified copy of the resolution evidencing the tax.

     AMEND by deleting Section 14 in its entirety and inserting in lieu thereof the following:

     SECTION 14.  The tax imposed by this act shall stand repealed on the first day of the month immediately succeeding the date the payment of the principal of, redemption premium, if any, and interest of the bonds issued under this act have been paid in full, or twenty (20) years from the effective date of the tax authorized in this act, whichever is the earlier date.

     FURTHER, AMEND the title on lines 12 and 13 by deleting "REGULAR CITY" and inserting in lieu thereof "SPECIAL"