5179-S2 AMH DYER HALL 44

2SSB 5179 - H AMD TO H APP COMM AMD (3129.1) 560 ADOPTED 4-14-97

By Representative Dyer

     On page 2, after line 4 of the amendment, insert

A(2) The rate adjustment provided in subsection (1) of this section shall be effective upon the completion of the nursing facility=s renovation project and only if the costs exceed $4 million.@

EFFECT: Clarifies that the adjustment in property value only occurs upon the completion of a major renovation project and reduces the fiscal impact, to the state general fund, from $425,000 to $107,000 in the next biennium beginning July 1, 1997.