SOURCE: Page 3, line 7; (11)MO026007.3. -->
Page 3, delete lines 7 through 13.
Page 3, line 14, delete "(5)" and insert "
(4)".
Page 3, line 14, delete "use contributions" and insert "
impose a
reasonable fee".
Page 3, line 15, delete "described in subdivision (4)".
Page 3, line 17, delete "(6)" and insert "
(5)".
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 3, line 21, delete "that" and insert "
that:
(A)".
Page 3, line 24, delete "owner." and insert "
owner; and
(B) the special assessment determined for the property
based on the total costs determined under subdivision (1)
bears an appropriate ratio to the assessed value of the
property.".
Page 3, line 25, delete "(7)" and insert "
(6)".
Page 3, line 25, delete "Establish a twenty (20) year" and insert
"
Provide that the".
Page 3, line 26, delete "chapter." and insert "
chapter for a property
may not exceed the useful life of the clean energy improvement that
is financed by the special assessment.".
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