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The Committee on Finance and Tax (Deutch) recommended the

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following amendment:

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     Senate Amendment

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     Delete lines 135-145

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and insert:

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     (i)  Must obligate, in the same fiscal year in which the

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contribution was received, 100 percent of the eligible

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contribution to provide annual or partial-year scholarships;

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however, up to 25 percent of the total contribution may be

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carried forward for expenditure in the following state fiscal

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year. A scholarship-funding

4/1/2008  11:43:00 AM     30-06254-08