SB 473-5_ Filed 04/11/2011, 11:13 Reske
Text Box
PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
[
HOUSE MOTION ____
]
MR. SPEAKER:
I move that Engrossed Senate Bill 473 be amended to read as follows:
SOURCE: Page 4, line 9; (11)MO047310.4. -->
Page 4, between lines 9 and 10, begin a new paragraph and insert:
SOURCE: IC 8-15.5-2-11; (11)MO047310.4. -->
"SECTION 4. IC 8-15.5-2-11 IS ADDED TO THE INDIANA
CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2011]: Sec. 11. "Sovereign wealth fund" means an
investment fund that is:
(1) held by the government of a state, province, territory, or
nation;
(2) funded by currency reserves; and
(3) managed separately from official currency reserves.".
SOURCE: Page 4, line 30; (11)MO047310.4. -->
Page 4, between lines 30 and 31, begin a new paragraph and insert:
SOURCE: IC 8-15.5-5-4; (11)MO047310.6. -->
"SECTION 6. IC 8-15.5-5-4, AS ADDED BY P.L.47-2006,
SECTION 39, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2011]: Sec. 4. (a)
Except as provided in subsection (d), the
operator may finance its obligations with respect to the toll road project
and the public-private agreement in the amounts and upon the terms
and conditions determined by the operator.
(b)
Except as provided in subsection (d), the operator may:
(1) issue debt, equity, or other securities or obligations;
(2) enter into sale and leaseback transactions; and
(3) secure any financing with a pledge of, security interest in, or
lien on any user fees charged and collected for the use of the toll
road project and any property interest of the operator in the toll
road project.
However, any bonds, debt, other securities, or other financing issued
for the purposes of this article shall not be considered to constitute a
debt of the state or any political subdivision of the state or a pledge of
the faith and credit of the state or any political subdivision.
(c) The operator may deposit the user fees charged and collected for
the use of the toll road project in a separate account held by a trustee
or escrow agent for the benefit of the secured parties of the operator.
(d) The operator may not finance a toll road project with money
obtained in any manner from a sovereign wealth fund.".
SOURCE: Page 6, line 34; (11)MO047310.6. -->
Page 6, between lines 34 and 35, begin a new paragraph and insert:
SOURCE: IC 8-15.7-2-19.5; (11)MO047310.10. -->
"SECTION 10. IC 8-15.7-2-19.5 IS ADDED TO THE INDIANA
CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2011]: Sec. 19.5. "Sovereign wealth fund" means an
investment fund that is:
(1) held by the government of a state, province, territory, or
nation;
(2) funded by currency reserves; and
(3) managed separately from official currency reserves.".
SOURCE: Page 13, line 28; (11)MO047310.13. -->
Page 13, between lines 28 and 29, begin a new paragraph and insert:
SOURCE: IC 8-15.7-8-4; (11)MO047310.15. -->
"SECTION 15. IC 8-15.7-8-4, AS ADDED BY P.L.47-2006,
SECTION 40, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2011]: Sec. 4. Except as provided in subsection (b), the
financing of a qualifying project may be in the amounts and upon the
terms and conditions that are determined by the parties to the
public-private agreement.
(b) A qualifying project may not be financed with money
obtained in any manner from a sovereign wealth fund.".
SOURCE: Page 14, line 14; (11)MO047310.14. -->
Page 14, between lines 14 and 15, begin a new paragraph and insert:
"
(d) A financing arrangement entered into under this section
must be in compliance with section 4(b) of this chapter.".
Renumber all SECTIONS consecutively.
(Reference is to ESB 473 as printed April 8, 2011.)
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MO047310/DI 92 2011