5188-S2.E AMH VICK SERE 018

  

E2SSB 5188 - H AMD TO CPB COMM AMD (H-1390.1/21) 714

By Representative Vick

On page 11, line 6 of the striking amendment, after "(3)" insert "The cooperative shall maintain a reserve fund to cover two years of debt service payments on loans that the cooperative extends to borrowers.

(4)"

Renumber the remaining subsections consecutively and correct any internal references accordingly.

EFFECT: Requires the cooperative to maintain a reserve fund to cover two years of debt service on all loans made to borrowers.

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