Adopted

AMENDMENT NO 1 PROPOSED TO

Senate Bill No. 2507

BY: Senator(s) Harkins

     AMEND on line 282 by inserting the following before the period:

; however, the inclusion of public entities in this provision does not invalidate any existing agreements authorized under this paragraph (z) before the effective date of this act.  The commission shall retain the ability to service, refinance or restructure any indebtedness incurred through any such existing agreements.

     FURTHER, AMEND the title to conform by inserting the following on line 5 after the semicolon:

TO SPECIFY THAT THIS PROVISION DOES NOT INVALIDATE ANY EXISTING AGREEMENTS AUTHORIZED BEFORE THE EFFECTIVE DATE OF THIS ACT; TO PROVIDE THAT THE COMMISSION SHALL RETAIN THE ABILITY TO SERVICE, REFINANCE OR RESTRUCTURE ANY INDEBTEDNESS INCURRED THROUGH ANY SUCH EXISTING AGREEMENTS;