Senate Bill sb2728e1

CODING: Words stricken are deletions; words underlined are additions.




    CS for CS for SB 2728                    First Engrossed (ntc)



  1                      A bill to be entitled

  2         An act relating to economic development

  3         incentives; amending s. 288.1088, F.S.;

  4         providing eligibility requirements for the

  5         receipt of funds from the Quick Action Closing

  6         Fund; authorizing the waiver of certain

  7         criteria for projects that would significantly

  8         benefit the economy; providing additional

  9         requirements for Enterprise Florida, Inc., in

10         evaluating proposed projects; requiring that a

11         contract for payment from the Quick Action

12         Closing Fund provide that the payment of moneys

13         is contingent upon a sufficient appropriation

14         of funds by the Legislature and upon the

15         release of appropriated funds by the

16         Legislative Budget Commission; deleting

17         provisions authorizing the Governor to

18         reallocate unencumbered funds in the Quick

19         Action Closing Fund to other economic

20         development programs; creating s. 288.1089,

21         F.S.; creating the Innovation Incentive Program

22         within the Office of Tourism, Trade, and

23         Economic Development for certain purposes;

24         providing definitions; providing an

25         incentive-award limitation; providing for award

26         application and eligibility; providing

27         qualification requirements; providing proposal

28         evaluation and recommendations requirements for

29         Enterprise Florida, Inc.; providing for

30         negotiation of award amounts by the office;

31         providing for agreements for payments of


                                  1

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         certain moneys under certain circumstances;

 2         providing criteria for award approval or

 3         disapproval; providing for incentive payment

 4         agreements; requiring Enterprise Florida, Inc.,

 5         to assist the office in validating certain

 6         business performances; requiring a report to

 7         the Governor and Legislature; authorizing the

 8         office to allocate certain funds for certain

 9         purposes; amending s. 403.973, F.S.; providing

10         for review of possible sites for projects

11         funded under s. 288.1089, F.S.; providing

12         appropriations; effectuating a fund transfer;

13         providing for future expiration of the act;

14         providing an effective date.

15  

16  Be It Enacted by the Legislature of the State of Florida:

17  

18         Section 1.  Section 288.1088, Florida Statutes, is

19  amended to read:

20         288.1088  Quick Action Closing Fund.--

21         (1)(a)  The Legislature finds that attracting,

22  retaining, and providing favorable conditions for the growth

23  of certain high-impact business facilities, privately

24  developed critical rural infrastructure, or key facilities in

25  economically distressed urban or rural communities which

26  provide widespread economic benefits to the public through

27  high-quality employment opportunities in such facilities or in

28  related facilities attracted to the state, through the

29  increased tax base provided by the high-impact facility and

30  related businesses, through an enhanced entrepreneurial

31  climate in the state and the resulting business and employment


                                  2

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1  opportunities, and through the stimulation and enhancement of

 2  the state's universities and community colleges. In the global

 3  economy, there exists serious and fierce international

 4  competition for these facilities, and in most instances, when

 5  all available resources for economic development have been

 6  used, the state continues to encounter severe competitive

 7  disadvantages in vying for these business facilities.

 8  Florida's rural areas must provide a competitive environment

 9  for business in the information age. This often requires an

10  incentive to make it feasible for private investors to provide

11  infrastructure in those areas.

12         (b)  The Legislature therefore declares that sufficient

13  resources shall be available to respond to extraordinary

14  economic opportunities and to compete effectively for these

15  high-impact business facilities, critical private

16  infrastructure in rural areas, and key businesses in

17  economically distressed urban or rural communities.

18         (2)  There is created within the Office of Tourism,

19  Trade, and Economic Development the Quick Action Closing Fund.

20  Projects eligible for receipt of funds from the Quick Action

21  Closing Fund shall:

22         (a)  Be in an industry as referenced in s. 288.106.

23         (b)  Have a positive payback ratio of at least 5 to 1.

24         (c)  Be an inducement to the project's location or

25  expansion in the state.

26         (d)  Pay an average annual wage of at least 125 percent

27  of the areawide or statewide private-sector average wage.

28         (e)  Be supported by the local community in which the

29  project is to be located.

30         (3)(a)  Enterprise Florida, Inc., shall determine

31  eligibility of each project consistent with the criteria in


                                  3

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1  subsection (2). Enterprise Florida, Inc., in consultation with

 2  the Office of Tourism, Trade, and Economic Development, may

 3  waive these criteria based on extraordinary circumstances if

 4  the project would significantly benefit the local or regional

 5  economy. Enterprise Florida, Inc., shall evaluate individual

 6  proposals for high-impact business facilities and forward

 7  recommendations regarding the use of moneys in the fund for

 8  such facilities to the director of the Office of Tourism,

 9  Trade, and Economic Development. Such evaluation and

10  recommendation must include, but need not be limited to:

11         1.  A description of the type of facility or

12  infrastructure, its operations, and the associated product or

13  service associated with the facility.

14         2.  The number of full-time-equivalent jobs that will

15  be created by the facility and the total estimated average

16  annual wages of those jobs or, in the case of privately

17  developed rural infrastructure, the types of business

18  activities and jobs stimulated by the investment.

19         3.  The cumulative amount of investment to be dedicated

20  to the facility within a specified period.

21         4.  A statement of any special impacts the facility is

22  expected to stimulate in a particular business sector in the

23  state or regional economy or in the state's universities and

24  community colleges.

25         5.  A statement of the role the incentive is expected

26  to play in the decision of the applicant business to locate or

27  expand in this state or for the private investor to provide

28  critical rural infrastructure.

29         6.  A report evaluating the quality and value of the

30  company submitting a proposal. The report must include:

31  


                                  4

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         a.  A financial analysis of the company, including an

 2  evaluation of the company's short-term liquidity ratio as

 3  measured by its assets to liability, the company's

 4  profitability ratio, and the company's long-term solvency as

 5  measured by its debt-to-equity ratio;

 6         b.  The historical market performance of the company;

 7         c.  A review of any independent evaluations of the

 8  company;

 9         d.  A review of the latest audit of the company's

10  financial statement and the related auditor's management

11  letter; and

12         e.  A review of any other types of audits that are

13  related to the internal and management controls of the

14  company.

15         (b)  Upon receipt of the evaluation and recommendation

16  from Enterprise Florida, Inc., the director shall recommend

17  approval or disapproval of a project for receipt of funds from

18  the Quick Action Closing Fund to the Governor. In recommending

19  a project, the director shall include proposed performance

20  conditions that the project must meet to obtain incentive

21  funds. The Governor shall provide the evaluation of projects

22  recommended for approval to the President of the Senate and

23  the Speaker of the House of Representatives and consult

24  directly with the President of the Senate and the Speaker of

25  the House of Representatives before giving final approval for

26  a project. The Executive Office of the Governor shall

27  recommend approval of a project and the release of funds

28  pursuant to the legislative consultation and review

29  requirements set forth in s. 216.177. The recommendation must

30  include proposed performance conditions that the project must

31  meet in order to obtain funds.


                                  5

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         (c)  Upon the approval of the Governor, the director of

 2  the Office of Tourism, Trade, and Economic Development and the

 3  business shall enter into a contract that sets forth the

 4  conditions for payment of moneys from the fund. The contract

 5  must include the total amount of funds awarded; the

 6  performance conditions that must be met to obtain the award,

 7  including, but not limited to, net new employment in the

 8  state, average salary, and total capital investment;

 9  demonstrate a baseline of current service and a measure of

10  enhanced capability; the methodology for validating

11  performance; the schedule of payments from the fund; and

12  sanctions for failure to meet performance conditions. The

13  contract must provide that payment of moneys from the fund is

14  contingent upon sufficient appropriation of funds by the

15  Legislature and upon sufficient release of appropriated funds

16  by the Legislative Budget Commission.

17         (d)  Enterprise Florida, Inc., shall validate

18  contractor performance. Such validation shall be reported

19  within 6 months after completion of the contract to the

20  Governor, President of the Senate, and the Speaker of the

21  House of Representatives.

22         (4)  The Governor may, in an emergency or special

23  circumstance, and in consultation with the President of the

24  Senate and the Speaker of the House of Representatives,

25  reallocate unencumbered funds appropriated to the Quick Action

26  Closing Fund to supplement statutorily created economic

27  development programs and operations. The Executive Office of

28  the Governor shall recommend approval of the transfer and

29  release of funds pursuant to the legislative consultation and

30  review requirements set forth in s. 216.177.

31  


                                  6

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         Section 2.  Section 288.1089, Florida Statutes, is

 2  created to read:

 3         288.1089  Innovation Incentive Program.--

 4         (1)  There is created an Innovation Incentive Program

 5  within the Governor's Office of Tourism, Trade, and Economic

 6  Development, which is intended to ensure that sufficient

 7  resources are available to allow the state to respond

 8  expeditiously to extraordinary economic opportunities and to

 9  compete effectively for high-value research and development

10  and innovation business projects.

11         (2)  As used in this section, the term:

12         (a)  "Average private-sector wage" means the statewide

13  average wage in the private sector or the average of all

14  private-sector wages and salaries in the county or in the

15  standard metropolitan area in which the project is located as

16  determined by the Agency for Workforce Innovation.

17         (b)  "Brownfield area" means an area designated as a

18  brownfield area pursuant to s.376.80.

19         (c)  "Cumulative investment" means cumulative capital

20  investment and all eligible capital costs as defined in s.

21  220.191.

22         (d)  "Director" means the director of the Office of

23  Tourism, Trade, and Economic Development.

24         (e)  "Enterprise zone" means an area designated as an

25  enterprise zone pursuant to s. 290.0065.

26         (f)  "Fiscal year" means the state fiscal year.

27         (g)  "Innovation business" means a business expanding

28  or locating in this state which is likely to serve as a

29  catalyst for the growth of an existing or emerging technology

30  cluster or which will significantly impact the regional

31  economy in which it is to expand or locate.


                                  7

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         (h)  "Jobs" means full-time equivalent positions, as

 2  that term is consistent with terms used by the Agency for

 3  Workforce Innovation and the United States Department of Labor

 4  for purposes of unemployment compensation tax administration

 5  and employment estimation, resulting directly from a project

 6  in this state. The term does not include temporary

 7  construction jobs.

 8         (i)  "Match" means funding from local sources, public

 9  or private, which is paid to the applicant and which equals

10  100 percent of the award. Eligible match funding may include

11  any tax abatement granted to the applicant under s. 196.1995

12  or the appraised market value of land, buildings,

13  infrastructure, or equipment conveyed or provided at a

14  discount to the applicant. Complete documentation of match

15  payment or other conveyance must be presented to and verified

16  by the office before transfer of state funds to an applicant.

17  An applicant may not provide, directly or indirectly, more

18  than 5 percent of match funding in any fiscal year. The

19  sources of such funding may not include, directly or

20  indirectly, state funds appropriated from the General Revenue

21  Fund or any state trust fund, excluding tax revenues shared

22  with local governments pursuant to law.

23         (j)  "Office" means the Office of Tourism, Trade, and

24  Economic Development.

25         (k)  "Project" means the location to or expansion in

26  this state by an innovation business or research and

27  development applicant approved for an award pursuant to this

28  section.

29         (l)  "Research and development" means basic and applied

30  research in the sciences or engineering, as well as the

31  design, development, and testing, of prototypes or processes


                                  8

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1  of new or improved products. Research and development does not

 2  include market research, routine consumer product testing,

 3  sales research, research in the social sciences or psychology,

 4  nontechnological activities, or technical services.

 5         (m)  "Research and development facility" means a

 6  facility that is predominately engaged in research and

 7  development activities. For purposes of this paragraph, the

 8  term "predominately" means at least 51 percent of the time.

 9         (n)  "Rural area" means a rural city, a rural

10  community, or a rural county as defined in s. 288.106.

11         (3)  To be eligible for consideration for an innovation

12  incentive award, an innovation business or research and

13  development entity must submit a written application to

14  Enterprise Florida, Inc., before making a decision to locate

15  new operations in this state or to expand an existing

16  operation in this state. The application must include, but

17  need not be limited to:

18         (a)  The applicant's federal employer identification

19  number, unemployment account number, and state sales tax

20  registration number. If these numbers are not available at the

21  time of application, they must be submitted to the office in

22  writing before the disbursement of any payments under this

23  section.

24         (b)  The location in this state at which the project is

25  located or is to be located.

26         (c)  A description of the type of business activity,

27  product, or research and development to be undertaken by the

28  applicant, including six-digit North American Industry

29  Classification System codes for all activities included in the

30  project.

31  


                                  9

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         (d)  The applicant's projected investment in the

 2  project.

 3         (e)  The total investment, from all sources, in the

 4  project.

 5         (f)  The number of net new full-time equivalent jobs in

 6  this state which the applicant anticipates having created as

 7  of December 31 of each year of the project and the average

 8  annual wage of those jobs.

 9         (g)  The total number of full-time equivalent employees

10  currently employed by the applicant in this state, if

11  applicable.

12         (h)  The anticipated commencement date of the project.

13         (i)  A detailed explanation of why the innovation

14  incentive is needed to induce the applicant to expand or

15  locate in the state and whether an award would cause the

16  applicant to locate or expand in this state.

17         (j)  If applicable, an estimate of the proportion of

18  the revenues resulting from the project which will be

19  generated outside this state.

20         (4)  To qualify for review by the office, the applicant

21  must, at a minimum, establish the following to the

22  satisfaction of Enterprise Florida, Inc., and the office:

23         (a)  The jobs created by the project must pay an

24  estimated annual average wage equaling at least 130 percent of

25  the average private-sector wage. The office may waive this

26  average-wage requirement at the request of Enterprise Florida,

27  Inc., for a project located in a rural area, a brownfield

28  area, or in an enterprise zone if the merits of the individual

29  project or the specific circumstances of the community in

30  relationship to the project warrant such action. A

31  recommendation for waiver by Enterprise Florida, Inc., must


                                  10

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1  include a specific justification supporting the waiver and be

 2  transmitted in writing to the office. If the director elects

 3  to waive the wage requirement, the waiver must be stated in

 4  writing and the reasons for granting the waiver must be

 5  explained.

 6         (b)  A research and development project must:

 7         1.  Serve as a catalyst of an emerging or evolving

 8  cluster;

 9         2.  Demonstrate a plan for significant higher-education

10  collaboration;

11         3.  Provide the state, at a minimum, a break-even

12  return on its investment within a 20-year period; and

13         4.  Be provided with a one-to-one match from the local

14  community. The match requirement may be reduced or waived in

15  rural areas of critical economic concern or reduced in rural

16  areas, brownfield areas, and enterprise zones.

17         (c)  An innovation business project, other than a

18  research and development project, must:

19         1.a.  Result in the creation of at least 1,000 direct,

20  new jobs at the business; or

21         b.  Result in the creation of at least 500 direct, new

22  jobs if the project is located in a rural area, a brownfield

23  area, or an enterprise zone.

24         2.  Have an activity or product that is within an

25  industry that is designated as a target industry business

26  under s. 288.106 or in a designated sector under s. 288.108.

27         3.a.  Have a cumulative investment of at least $250

28  million within a 10-year period; or

29         b.  Have a cumulative investment that exceeds $375

30  million within a 5-year period if the project is located in a

31  rural area, a brownfield area, or in an enterprise zone.


                                  11

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         4.  Be provided with a one-to-one match from the local

 2  community. The match requirement may be reduced or waived in

 3  rural areas of critical economic concern or reduced in rural

 4  areas, brownfield areas, and enterprise zones.

 5         (5)  Enterprise Florida, Inc., shall evaluate proposals

 6  for innovation incentive awards and forward recommendations

 7  for awards to the office. Such evaluation and recommendation

 8  must include, but need not be limited to:

 9         (a)  A description of the project, its required

10  facilities, and the product, service, or research and

11  development associated with the project.

12         (b)  The percentage of match provided for the project.

13         (c)  The number of full-time equivalent jobs that will

14  be created by the project, the total estimated average annual

15  wages of those jobs, and the types of business activities and

16  jobs likely to be stimulated by the project.

17         (d)  The cumulative investment to be dedicated to the

18  project within 3 years and the total investment expected in

19  the project if more than 3 years.

20         (e)  The projected economic and fiscal impacts on the

21  local and state economies relative to investment.

22         (f)  A statement of any special impacts the project is

23  expected to produce in a particular business sector in the

24  state or regional economy or in the state's universities and

25  community colleges.

26         (g)  A statement of any anticipated or proposed

27  relationships with state universities.

28         (h)  A statement of the role the incentive is expected

29  to play in the decision of the applicant to locate or expand

30  in this state.

31  


                                  12

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         (i)  A recommendation and explanation of the amount of

 2  the award needed to cause the applicant to expand or locate in

 3  this state.

 4         (j)  A discussion of the efforts and commitments made

 5  by the local community in which the project is to be located

 6  to induce the applicant's location or expansion in light of

 7  local resources and abilities.

 8         (k)  A recommendation for specific performance criteria

 9  the applicant would be expected to achieve in order to receive

10  payments from the fund and penalties or sanctions for failure

11  to meet or maintain performance conditions.

12         (l)  For a research and development facility, an

13  evaluation and recommendation must include:

14         1.  A description of the extent to which the project

15  has the potential to serve as a catalyst for an emerging or

16  evolving cluster;

17         2.  A description of the extent to which the project

18  has or could have a long-term collaborative research and

19  development relationship with one or more universities or

20  community colleges in this state;

21         3.  A description of the existing or projected impact

22  of the project on established clusters or targeted industry

23  sectors;

24         4.  A description of the project's contribution to the

25  diversity and resiliency of this state's innovation economy;

26  and

27         5.  A description of the project's impact on

28  special-needs communities, including, but not limited to,

29  rural areas, distressed urban areas, and enterprise zones.

30         (6)  The office may, in consultation with Enterprise

31  Florida, Inc., negotiate the proposed amount of an award for


                                  13

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1  any applicant meeting the requirements of this section. In

 2  negotiating such award, the office shall consider the amount

 3  of the incentive needed to cause the applicant to locate or

 4  expand in this state in conjunction with other relevant

 5  applicant impact and cost information and analysis as outlined

 6  in this section. Particular emphasis shall be given to the

 7  potential of the project to stimulate additional private

 8  investment and high-quality employment opportunities in the

 9  state.

10         (7)  Upon receipt of the evaluation and recommendation

11  from Enterprise Florida, Inc., the director shall recommend

12  the approval or disapproval of an award to the Governor. In

13  recommending approval of an award, the director shall include

14  proposed performance conditions that the applicant must meet

15  in order to obtain incentive funds and any other conditions

16  that must be met before the receipt of any incentive funds.

17  The Governor shall consult with the President of the Senate

18  and the Speaker of the House of Representatives before giving

19  approval for an award. Upon approval of an award, the

20  Executive Office of the Governor shall release the funds

21  pursuant to the legislative consultation and review the

22  requirements set forth in s. 216.177.

23         (8)  Upon approval by the Governor and release of the

24  funds as set forth in subsection (7), the director shall issue

25  a letter certifying the applicant as qualified for an award.

26  The office and the applicant shall enter into an agreement

27  that sets forth the conditions for payment of incentives. The

28  agreement must include the total amount of funds awarded; the

29  performance conditions that must be met in order to obtain the

30  award or portions of the award, including, but not limited to,

31  net new employment in the state, average wage, and total


                                  14

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1  cumulative investment; demonstration of a baseline of current

 2  service and a measure of enhanced capability; the methodology

 3  for validating performance; the schedule of payments; and

 4  sanctions for failure to meet performance conditions,

 5  including any provisions for repayment of incentive payments.

 6         (9)  Enterprise Florida, Inc., shall assist the office

 7  in validating the performance of an innovation business or

 8  research and development facility that has received an award.

 9  At the conclusion of the innovation incentive award agreement,

10  or its earlier termination, Enterprise Florida, Inc., shall,

11  within 90 days, report the results of the innovation incentive

12  award to the Governor, the President of the Senate, and the

13  Speaker of the House of Representatives.

14         Section 3.  Present subsections (16) through (19) of

15  section 403.973, Florida Statutes, are renumbered as

16  subsections (17) through (20), respectively, and new

17  subsection (16) is added to that section, to read:

18         403.973  Expedited permitting; comprehensive plan

19  amendments.--

20         (16)  The office, working with the agencies

21  participating in the memoranda of agreement, shall review

22  sites proposed for the location of facilities eligible for the

23  Innovation Incentive Program under s. 288.1089. Within 20 days

24  after the request for the review by the office, the agencies

25  shall provide to the office a statement as to each site's

26  necessary permits under local, state, and federal law and an

27  identification of significant permitting issues that, if

28  unresolved, might result in the denial of an agency permit or

29  approval or any significant delay caused by the permitting

30  process.

31  


                                  15

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1         Section 4.  For the 2006-2007 fiscal year, the sum of

 2  $10 million is appropriated from the General Revenue Fund to

 3  the Office of Tourism, Trade, and Economic Development within

 4  the Executive Office of the Governor to fund the Quick Action

 5  Closing Fund as authorized in s. 288.1088, Florida Statutes.

 6  These funds shall be placed in reserve by the Executive Office

 7  of the Governor on July 1, 2006. The Office of Tourism, Trade,

 8  and Economic Development may request the release of funds as

 9  needed to implement the provisions of s. 288.1088, Florida

10  Statutes, through the Legislative Budget Commission.

11         Section 5.  For the 2006-2007 fiscal year, the sum of

12  $150 million is appropriated from the General Revenue Fund for

13  transfer to the Economic Development Trust Fund within the

14  Office of Tourism, Trade, and Economic Development. Funds

15  transferred under this section are not subject to the service

16  charge set forth in s. 215.20, Florida Statutes. The sum of

17  $150 million is appropriated for the 2006-2007 fiscal year

18  from the Economic Development Trust Fund within the Office of

19  Tourism, Trade, and Economic Development to be used to

20  implement this act. These funds in the Economic Development

21  Trust Fund shall be placed in reserve by the Executive Office

22  of the Governor on July 1, 2006. The Office of Tourism, Trade,

23  and Economic Development may request the release of funds as

24  needed to implement the provisions of this act through the

25  Legislative Budget Commission. Funds not expended during the

26  2006-2007 fiscal year may be used in future fiscal years as

27  appropriated in the General Appropriations Act or other law.

28         Section 6.  This act expires July 1, 2011. Upon that

29  date, any unobligated funds remaining in the Economic

30  Development Trust Fund from the transfer made in section 5 of

31  this act shall be transferred back to the General Revenue


                                  16

CODING: Words stricken are deletions; words underlined are additions.






    CS for CS for SB 2728                    First Engrossed (ntc)



 1  Fund. Notwithstanding s. 216.301(1), Florida Statutes, and

 2  pursuant to s. 216.351, Florida Statutes, any funds remaining

 3  in the trust fund which are obligated to a properly approved

 4  project under this act but only partially disbursed shall

 5  remain in the trust fund to be disbursed by the Office of

 6  Tourism, Trade, and Economic Development pursuant to the terms

 7  of the originally approved contract.

 8         Section 7.  This act shall take effect July 1, 2006.

 9  

10  

11  

12  

13  

14  

15  

16  

17  

18  

19  

20  

21  

22  

23  

24  

25  

26  

27  

28  

29  

30  

31  


                                  17

CODING: Words stricken are deletions; words underlined are additions.