HB 2008-5_ Filed 03/03/2003, 07:27 Espich


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    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 2008 be amended to read as follows:

SOURCE: Page 58, line 3; (03)MO200803.58. -->     Page 58, line 3, after "thereof." insert " Except as specifically authorized by the general assembly, the commission may not pledge, in any form, to:
        (1) seek funding from the state in the event of any default in the payment of revenue bonds; or
        (2) specify, in any form, in an agreement related to revenue bonds that money appropriated by the general assembly may or shall be deposited in a debt service fund or reserve fund for the revenue bonds;
if the revenue bonds or agreement relate to a project that is not part of a project related to property that qualifies as a port under section 2(b)(1) of this chapter.
".
    Page 61, line 8, after "commission." insert " However, this subdivision does not authorize the commission to include any language in a revenue bond that would create a moral obligation
on the part of the state to pay any part of the obligation related to a project that is not part of a project related to property that qualifies as a port under section 2(b)(1) of this chapter in the event of a default by the commission.".
    (Reference is to HB 2008 as printed February 26, 2003.)

________________________________________

Representative Espich


MO200803/DI 51     2003