2192-S AMH ALEX PITT 124

SHB 2192 - H AMD TO H AMD (H-3313.2/97)716

By Representative Alexander

     On page 17, after line 28 of the striking amendment, insert the following:

A(b) The majority owner of the team affiliate has signed a personal guarantee to cover payments of principal and interest on bonds issued under section 210 of this act, if revenues in the stadium and exhibition center account created in section 214 of this act are insufficient to cover required payments; and@

Renumber the remaining subparagraphs consecutively and correct internal references accordingly.

EFFECT:  Requires the majority owner of the professional football team to personally guarantee bond repayments if tax revenues do not cover the repayment.