Senate
File
2242
S-5035
Amend
Senate
File
2242
as
follows:
1
1.
Page
1,
line
1,
by
striking
<
subsection
1
>
and
2
inserting
<
subsections
1
and
3
>
3
2.
Page
1,
line
1,
by
striking
<
is
>
and
inserting
4
<
are
>
5
3.
Page
1,
line
4,
after
<
States”
>
by
inserting
<
or
6
“eligible
service
member”
>
7
4.
Page
1,
line
5,
after
<
was
>
by
inserting
<
,
if
8
discharged
under
honorable
conditions,
>
9
5.
Page
1,
line
11,
after
<
States”
>
by
inserting
10
<
or
“eligible
service
member”
>
11
6.
Page
1,
after
line
18
by
inserting:
12
<
3.
The
program
shall
be
administered
by
the
13
authority
and
shall
provide
loans,
grants,
or
other
14
assistance
to
persons
who
are
or
were
eligible
service
15
members
of
the
armed
forces
of
the
United
States
.
In
16
the
event
an
eligible
service
member
is
deceased,
17
the
surviving
spouse
of
the
eligible
member
shall
be
18
eligible
for
assistance
under
the
program,
subject
to
19
the
surviving
spouse
meeting
the
program’s
eligibility
20
requirements
other
than
the
military
service
21
requirement.
In
addition,
a
person
eligible
for
the
22
program
under
this
section
may
participate
in
other
23
loan
and
grant
programs
of
the
authority,
provided
the
24
person
meets
the
requirements
of
those
programs.
>
25
7.
Page
1,
line
19,
by
striking
<
paragraph
b
>
and
26
inserting
<
paragraphs
a
and
b
>
27
8.
Page
1,
line
20,
by
striking
<
is
>
and
inserting
28
<
are
>
29
9.
Page
1,
after
line
20
by
inserting:
30
<
a.
The
person
eligible
for
the
program
shall,
for
31
financed
home
purchases
that
close
on
or
after
July
1,
32
2008,
use
a
lender
that
participates
in
the
authority’s
33
applicable
first
mortgage
financing
programs
for
34
homebuyers
or
a
lender
approved
by
the
authority
under
35
subsection
5
.
>
36
10.
Page
1,
lines
23
and
24,
by
striking
<
other
37
applicable
>
and
inserting
<
other
applicable
first
38
mortgage
financing
>
39
11.
Page
1,
by
striking
line
25
and
inserting:
40
<
(2)
Notwithstanding
subparagraph
(1),
a
person
an
41
eligible
service
member
who
qualifies
for
>
42
12.
Page
1,
line
26,
by
striking
<
other
applicable
>
43
and
inserting
<
other
applicable
first
mortgage
44
financing
>
45
13.
Page
1,
line
28,
before
<
programs
>
by
inserting
46
<
first
mortgage
financing
>
47
14.
Page
1,
line
30,
by
striking
<
person
>
and
48
inserting
<
service
member
who
qualifies
for
one
of
the
49
authority’s
first
mortgage
financing
programs
>
50
-1-
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(2)
85
aw/sc
1/
2
#1.
#2.
#3.
#4.
#5.
#6.
#7.
#8.
#9.
#10.
#11.
#12.
#13.
15.
By
striking
page
1,
line
32,
through
page
1
2,
line
2,
and
inserting
<
first
mortgage
financing
2
programs
for
homebuyers
if
all
of
the
following
apply:
3
(a)
The
financing
is
offered
by
a
lender
that
4
participates
in
one
of
the
authority’s
first
mortgage
5
financing
programs
for
homebuyers
or
by
a
lender
6
approved
pursuant
to
subsection
5.
7
(b)
The
authority
determines
that:
8
(i)
Under
the
circumstances,
requiring
the
eligible
9
service
member
to
use
one
of
the
authority’s
first
10
mortgage
financing
programs
for
homebuyers
would
be
a
11
hardship
for
the
eligible
service
member.
12
(ii)
The
offered
financing
would
be
economically
13
feasible
and
financially
advantageous
for
the
eligible
14
service
member.
>
15
______________________________
JEFF
DANIELSON
-2-
SF2242.3062
(2)
85
aw/sc
2/
2
#15.