5717-S AMH HEAV ROBI 4

SSB 5717 - H AMD TO CB COMM AMD (H2524.4/93)000455 LOST 4-15-93

By Representatives Heavey and Brough

     On page 100, beginning on line 25, strike section 563 and insert the following:

     "NEW SECTION. Sec. 563. FOR THE STATE CONVENTION AND TRADE CENTER

     The appropriation in this section is subject to the following conditions and limitations:

     (1) The appropriation in this section is provided solely for the state convention and trade center's repayment to the state treasury of moneys previously advanced to the center for purchase of the McKay parcel; and

     (2) The state convention and trade center shall sell the McKay parcel by July 1, 1994 and the proceeds from the sale shall be used to redeem bonds issued by the state finance committee for construction of the convention center.

     Appropriation:

          St Conv & Trade Ctr Acct .........    $  11,598,000

          Prior Biennia (Expenditures)......    $    0

          Future Biennia (Projected Costs)..    $    0       

                   Total                        $  11,598,000 "

EFFECT:  Strikes section 563 and adds a new section appropriating $11.6 million to the State Convention and Trade Center to repay the loan from the state treasury and requires the convention center to sell the McKay parcel and use the proceeds from the sale to redeem bonds.