6316‑S AAS 2/16/96 LOVE

SSB 6316 - S AMD - 196

    BySenator Loveland

                                                   ADOPTED 2/16/96

    On page 4, after line 6, insert the following:

    "The appropriations in this section are subject to the following conditions and limitations:  The additional $3,000,000 appropriated from the public works assistance account by this 1996 act shall be used exclusively for loans. Funds returning to the department as repayment for these loans shall be deposited into the public facilities construction loan revolving account.  The legislature intends to establish the public facilities construction loan revolving account as a self‑sustaining source of funds for loans to political subdivisions for  public infrastructure required for private development. The community economic revitalization board shall report on the status of efforts to establish the public facilities construction loan revolving account as a self‑sustaining account, along with any necessary recommendations.  The report shall also include additional performance measures and recommendations for programmatic changes."

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