COMMITTEE REPORT




MR. PRESIDENT:

    The Senate Committee on Finance, to which was referred House Bill No. 1355, has had the same under consideration and begs leave to report the same back to the Senate with the recommendation that said bill be AMENDED as follows:

SOURCE: Page 1, line 1; (02)AM135502.1. -->     Page 1, line 1, delete "The" and insert " (a) Subject to subsection (b), the".
    Page 1, line 15, delete "Institute".
    Page 1, line 16, delete "Soldier Nanotechnologies" and insert " Nanotechnologies/Life Sciences Research Facility".
    Page 1, after line 18, begin a new paragraph and insert:
    " (b) The issuance of bonds under this SECTION is subject to the approval of the budget agency after review by the budget committee. The budget agency may not approve a bond issue under
this SECTION unless the board of trustees of Purdue University provides evidence of a commitment by the federal government to make federal funds available for the project.
".
    (Reference is to HB 1355 as printed January 29, 2002.)

and when so amended that said bill do pass .

Committee Vote: Yeas 14, Nays 0.

____________________________________

Senator Borst, Chairperson


AM 135502/DI 101    2002