House Amendment 8113


PAG LIN




     1  1    Amend House File 2364 as follows:
     1  2 #1.  Page 1, by inserting before line 1 the
     1  3 following:
     1  4    <Section 1.  NEW SECTION.  279.67  LOAN PROCEEDS.
     1  5    The proceeds of loans issued to school districts
     1  6 pursuant to section 279.48, 279.52, or 473.20 shall be
     1  7 deposited into either the general fund of a school
     1  8 district or the physical plant and equipment levy
     1  9 fund.  The board of directors shall expend the amount
     1 10 of the principal and interest due each year to
     1 11 maturity from the same fund into which the loan
     1 12 proceeds were deposited.>
     1 13 #2.  Title page, line 1, by inserting after the
     1 14 word <Act> the following:  <relating to school
     1 15 district financing arrangements, specifying funds into
     1 16 which loan proceeds shall be deposited and from which
     1 17 principal and interest payments shall be expended,
     1 18 and>.
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     1 21                               
     1 22 HEDDENS of Story
     1 23 HF 2364.301 82
     1 24 rn/mg/20669
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