6856-S AMS HORN HOOV 051

SSB 6856 - S AMD - 308

    By Senators Horn and Benton

                                               NOT ADOPTED 3/10/00

    On page 59, after line 37, insert the following:

    "(4) All savings resulting from a transaction in accordance with section 41 of this act shall be appropriated for road construction projects within the counties comprising the transportation benefit area on a pro rata basis in proportion to the population of each county within the transportation benefit area collecting such tax."

    On page 60, line 1, strike "(4)" and insert "(5)"

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EFFECT: Requires that any savings from sale-leaseback arrangements  be used for road construction.