5188-S2.E AMH CORR SERE 021

  

E2SSB 5188 - H AMD TO CPB COMM AMD (H-1390.1/21) 717

By Representative Corry

On page 11, line 6 of the striking amendment, after "(3)" insert "The cooperative shall not issue any bonds with a rating less than AA by Standard & Poor's or the equivalent rating from another major credit rating agency.

(4)"

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

EFFECT:  Requires bonds issued by the cooperative to be rated no less than AA by Standard & Poor's or the equivalent rating from another major credit rating agency.

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