Senate File 387 S-3034 Amend Senate File 387 as follows: 1 1. Page 1, line 9, by striking < public > and 2 inserting < general corporate purpose or essential 3 corporate > 4 2. Page 1, line 19, after < fund. > by inserting < For 5 the purposes of this section, “reserve account or fund” 6 means moneys held by a city that are not operating 7 funds, as defined in section 12B.10A, and which is 8 authorized by law to receive interest pursuant to 9 section 12C.7. > 10 3. Page 1, lines 27 and 28, by striking < , 11 calculated in accordance with generally accepted 12 accounting principles, > 13 4. Page 2, line 8, by striking < statutory > and 14 inserting < constitutional > 15 5. Page 2, line 9, after < limitation > by inserting 16 < and shall be reported by the city to the state 17 treasurer in the same manner as required for bonding 18 activities pursuant to section 12.1 > 19 6. Page 2, by striking lines 18 through 20 and 20 inserting < Upon approval of a loan, the loan shall be 21 accounted for in accordance with section 384.20. > 22 7. Page 2, by striking lines 23 through 25 and 23 inserting < shall be set at a rate that is between the 24 interest rate established pursuant to section 12C.6, 25 subsection 2, paragraph “a” , and the interest rate 26 established pursuant to section 74A.6, subsection 2. > 27 8. By renumbering as necessary. 28 ______________________________ JEFF DANIELSON -1- SF387.870 (3) 85 aw/sc 1/ 1 #1. #2. #3. #4. #5. #6. #7. #8.