House Journal: Page 1687: Thursday, April 20, 2000
17 "c. The approval process shall not exceed sixty
18 days beginning from the date the rehabilitation
19 project is submitted. After the sixty-day limit, the
20 rehabilitation project is deemed to be approved."
21 5. Page 5, by inserting after line 22 the
22 following:
23 "Sec. ___. APPLICABILITY PROVISION. Chapter 404A,
24 enacted in this Act, applies to rehabilitation
25 projects initiated on or after July 1, 2000, for which
26 no expenses have been incurred prior to that date."
Dix of Butler in the chair at 5:00 p.m.
Amendment H-9026 was adopted.
Richardson of Warren offered amendment H-8807 filed by him and
requested division as follows:
H-8807
1 Amend House File 2560 as follows:
H-8807A
2 1. Page 1, by striking lines 17 and 18.
H-8807B
3 2. Page 1, line 34, by inserting after the word
4 "unit." the following: "However, the total amount of
5 credits granted for a project shall not exceed one
6 hundred thousand dollars."
H-8807C
7 3. Page 2, line 25, by inserting after the word
8 "cost." the following: "If the rehabilitation project
9 does not meet the criteria and standards established
10 by the local bodies and the department, the department
11 shall disapprove the application for tax credit."
H-8807A
12 4. Page 2, line 27, by striking the word "may"
13 and inserting the following: "shall".
14 5. Page 2, by striking lines 29 and 30 and
15 inserting the following: "involving eligible
16 property. The main emphasis of the established
17 standards shall be to ensure that a".
18 6. Page 3, line 15, by inserting after the word
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