SENATE MOTION


MADAM PRESIDENT:

    I move
that Senate Bill 260 be amended to read as follows:

SOURCE: Page 3, line 17; (11)MO026003.3. -->     Page 3, line 17, delete "financial institution, an" and insert " qualified independent party".
    Page 3, delete line 18.
    Page 3, line 19, delete "development company".
    Page 6, delete lines 29 through 31, begin a new paragraph and insert:
    " (b) Subject to subsection (d), a county treasurer shall bill and collect the assessments in the same manner that property taxes are billed and collected. However, the county treasurer shall enforce an assessment as a lien on a property subject to all liens and encumbrances existing on the property as of the date of the initial assessment.".
    Page 6, between lines 40 and 41, begin a new paragraph and insert:
    " (e) An assessment under this chapter is prepayable at any time without penalty.".
    (Reference is to SB 260 as printed February 8, 2011.)

________________________________________

Senator HOLDMAN


MO026003/DI 103
2011