5937-S AMH CB ROBI 1

SSB 5937 - H COMM AMD ADOPTED 4-7-93

By Committee on Capital Budget

     On page 2, line 17,  strike lines 17 through 20 and insert    "(6) Indebtedness authorized or incurred before the effective date of this act pursuant to statute ((heretofore or hereafter enacted)) which requires that the state treasury be reimbursed, in the amount of the principal of and the interest on such indebtedness, from money other than general state revenues"

On page 2, line 26, after "Indebtedness" insert "authorized and"

On page 2, line 29, after "treasury" insert "except higher education operating fees"

EFFECT:  Reimbursable bonds authorized or issued before July 1, 1993 are outside the 7 percent debt limit consistent with current practice.  Reimbursable bonds authorized and issued after July 1, 1993 are within the 7 percent debt limit except bonds reimbursed by money from outside the state treasury, not including higher education operating fees.