Amend Senate File 412 as follows:
   1.  Page 2, by striking lines 6 through 9 and inserting: 
   <Sec. ___.  Section 357E.11, Code 2011, is amended to read as follows:
   357E.11  Bonds in anticipation of revenue.
   A district, other than a combined district, may anticipate the collection of taxes by the levy authorized in this chapter, and to carry out the purposes of this chapter may issue bonds payable in not more than twenty equal installments with the rate of interest not exceeding that permitted by chapter 74A. An indebtedness shall not be incurred under this chapter section until authorized by an election. The election shall be held and notice given in the same manner as provided in section 357E.8, and the same majority vote is necessary to authorize indebtedness. Both propositions may be submitted to the voters at the same election.
   Sec. ___.  NEW SECTION.  357E.11A  Bonds and indebtedness —— combined districts.
   1.  A combined district may borrow money for its corporate purposes,>
   2.  Page 2, line 18, after<A> by inserting <combined>
   3.  Page 2, line 24, by striking<chapter> and inserting <section>
   4.  Page 2, line 26, after<include> by inserting <combined>
   5.  Page 2, line 28, after<a> by inserting <combined>
   6.  Page 2, line 32, after<by> by inserting <combined>
   7.  By renumbering as necessary.

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MERLIN BARTZ

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MARY JO WILHELM