SB 260-1_ Filed 02/10/2011, 09:06 Randolph
that Senate Bill 260 be amended to read as follows:
SOURCE: Page 2, line 42; (11)MO026002.2. -->
Page 2, line 42, delete "and".
Page 3, line 1, delete "both." and insert " both; and
(C) issuing bonds.
Page 3, line 2, delete "Prohibit" and insert " If the legislative body
chooses to finance clean energy improvements under this chapter
by issuing bonds, authorize
Page 3, line 2, delete "from issuing" and insert " to issue
Page 5, between lines 28 and 29, begin a new line blocked left and
" An assessment indicated against a property on the assessment roll
is presumed to be of special benefit to the property.
Page 7, line 13, delete "chapter." and insert " chapter, to the extent
permitted by the terms of the financing.
Sec. 14. This section applies if a legislative body issues bonds to
finance clean energy improvements under this chapter. The
legislative body shall issue bonds in anticipation of the collection of
the assessments to finance the installation of clean energy
improvements in buildings, regardless of whether the buildings or
the real property on which the buildings are located are privately
or publicly owned. The legislative body shall:
(1) issue and sell the bonds in the manner prescribed for other
bonds of the unit; and
(2) make the payments on the bonds over a term of twenty
(Reference is to SB 260 as printed February 8, 2011.)