CODING: Words stricken are deletions; words underlined are additions.
HOUSE AMENDMENT
Bill No. CS/HB 1721
Amendment No. 003 (for drafter's use only)
CHAMBER ACTION
Senate House
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5 ORIGINAL STAMP BELOW
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11 The Committee on Finance & Taxation offered the following:
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13 Amendment
14 On page 6, lines 25-27
15 remove from the bill: all of said lines
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18 all documents and agreements. The total principal amount of
19 bonds issued by the corporation shall not exceed $3.0 billion.
20 The principal amount of bonds issued in any single fiscal year
21 shall not exceed $1.5 billion, beginning with the 2000-2001
22 fiscal year. The limitation on the principal amount of bonds
23 issued by the corporation shall not apply to bonds issued to
24 refund previously issued bonds. No series of bonds issued
25 shall have a true interest cost rate of more than 4 percent
26 over the yield on U.S. Treasury obligations which have a
27 maturity approximately equal to the average life of such
28 series of bonds. Satisfaction of the foregoing interest rate
29 limitation shall be determined on the date such bonds are sold
30 or a definitive agreement to sell such bonds at specified
31 prices or yields is executed and delivered. The corporation
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File original & 9 copies 04/26/00
hft0006 06:02 pm 01721-ft -922985
HOUSE AMENDMENT
Bill No. CS/HB 1721
Amendment No. 003 (for drafter's use only)
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File original & 9 copies 04/26/00
hft0006 06:02 pm 01721-ft -922985