6175-S AMH FII GAVI 1

SSB 6175 - H COMM AMDS ADOPTED 2-27-98

By Committee on Financial Institutions & Insurance

     On page 3, line 28, before Aunder@ strike APayments@ and insert AExcept as provided in subsection (4)(b) of this section, payments@

     On page 3, line 29, after Amade@ insert Asolely@

     On page 3, line 30, after Acontract@ insert A, which may not obligate general state revenues as defined in Article VIII, section 1, of the state constitution@

EFFECT: Clarifies that a local government obligation to make payment for a financing contract is not a general obligation of the state.