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





                                                   HOUSE AMENDMENT

                                                  Bill No. HB 2403

    Amendment No.     (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 General Government Appropriations offered the

12  following:

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14         Amendment (with title amendment) 

15         On page 54, lines 9-14,

16  remove from the bill:  all of said lines

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18  and insert in lieu thereof:

19         (g)  For properties acquired after January 1, 2000, in

20  the event that such properties otherwise eligible for payment

21  in lieu of taxes under this subsection are leased or reserved

22  and remain subject to ad valorem taxes, then payments in lieu

23  of taxes shall commence or recommence upon the expiration or

24  termination of the lease or reservation but in no event shall

25  there be more than a total of ten annual payments in lieu of

26  taxes for each tax loss.  If the lease is terminated for only

27  a portion of the lands at any time, the ten annual payments

28  shall be made for that portion only commencing the year after

29  such termination, without limiting the requirement that ten

30  annual payments shall be made on the remaining portion or

31  portions of the land as the lease on each shall expire.

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    File original & 9 copies    04/26/00
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                                                   HOUSE AMENDMENT

                                                  Bill No. HB 2403

    Amendment No.     (for drafter's use only)





 1  ================ T I T L E   A M E N D M E N T ===============

 2  And the title is amended as follows:

 3         On page 4, lines 3-4,

 4  remove from the title of the bill:  all of said lines

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    File original & 9 copies    04/26/00
    hap0019                     03:48 pm         02403-gg  -784833