Rep. John E. Bradley
Filed: 3/23/2010
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 642




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    AMENDMENT NO. ______. Amend Senate Bill 642 on page 9, line 
3
17, after "submitted", by inserting "for State fiscal year 
4
2010"; and


 
5
on page 10, lines 17 and 18, by replacing "the maximum rate 
6
authorized by the Bond Authorization Act" with "3.5% per 
7
annum"; and
 
8
on page 11, immediately below line 9, by inserting the 
9
following:
10
    "(d)  If the Board of Trustees elects to borrow money 
11
pursuant to subsection (c) of this Section, the President of 
12
the University shall, following consultation with the Board of 
13
Trustees, within 15 days after the time the money is borrowed, 
14
submit a backlog bill payment plan to the Governor's Office of 
15
Management and Budget.  No borrowed moneys may be expended in 
16
part or in whole until and unless the Director of the 
 


 






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Governor's Office of Management and Budget gives written 
2
approval of the backlog bill payment plan to the University.  
3
Upon receipt of a backlog bill payment plan, the Governor's 
4
Office of Management and Budget must communicate its written 
5
approval or disapproval, as the case may be, within 10 days.
6
    The Board of Trustees must ensure that all payments 
7
specified in the backlog bill payment plan are paid according 
8
to the schedule set forth in the backlog bill payment plan.
9
    For purposes of this subsection (d), "backlog bill payment 
10
plan" means a schedule by which a university borrowing money 
11
pursuant to subsection (c) of this Section will pay vendors who 
12
have vouchers representing payments past due by more than 30 
13
days."; and
 
14
on page 17, line 18, after "submitted", by inserting "for State 
15
fiscal year 2010"; and
 
16
on page 18, lines 19 and 20, by replacing "the maximum rate 
17
authorized by the Bond Authorization Act" with "3.5% per 
18
annum"; and
 
19
on page 19, immediately below line 12, by inserting the 
20
following:
21
        "14.  If the Board elects to borrow money pursuant to 
22
    item 13 of this Section, the President of the University 
23
    shall, following consultation with the Board, within 15 
 


 






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    days after the time the money is borrowed, submit a backlog 
2
    bill payment plan to the Governor's Office of Management 
3
    and Budget.  No borrowed moneys may be expended in part or 
4
    in whole until and unless the Director of the Governor's 
5
    Office of Management and Budget gives written approval of 
6
    the backlog bill payment plan to the University.  Upon 
7
    receipt of a backlog bill payment plan, the Governor's 
8
    Office of Management and Budget must communicate its 
9
    written approval or disapproval, as the case may be, within 
10
    10 days.
11
        The Board must ensure that all payments specified in 
12
    the backlog bill payment plan are paid according to the 
13
    schedule set forth in the backlog bill payment plan.
14
        For purposes of this item 14, "backlog bill payment 
15
    plan" means a schedule by which a university borrowing 
16
    money pursuant to item 13 of this Section will pay vendors 
17
    who have vouchers representing payments past due by more 
18
    than 30 days."; and

 
19
on page 24, line 23, after "submitted", by inserting "for State 
20
fiscal year 2010"; and
 
21
on page 25, lines 23 and 24, by replacing "the maximum rate 
22
authorized by the Bond Authorization Act" with "3.5% per 
23
annum"; and
 
 


 






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on page 26, immediately below line 14, by inserting the 
2
following:
3
    "(14) If the Board elects to borrow money pursuant to item 
4
(13) of this Section, the President of the University shall, 
5
following consultation with the Board, within 15 days after the 
6
time the money is borrowed, submit a backlog bill payment plan 
7
to the Governor's Office of Management and Budget.  No borrowed 
8
moneys may be expended in part or in whole until and unless the 
9
Director of the Governor's Office of Management and Budget 
10
gives written approval of the backlog bill payment plan to the 
11
University.  Upon receipt of a backlog bill payment plan, the 
12
Governor's Office of Management and Budget must communicate its 
13
written approval or disapproval, as the case may be, within 10 
14
days.
15
    The Board must ensure that all payments specified in the 
16
backlog bill payment plan are paid according to the schedule 
17
set forth in the backlog bill payment plan.
18
    For purposes of this item (14), "backlog bill payment plan" 
19
means a schedule by which a university borrowing money pursuant 
20
to item (13) of this Section will pay vendors who have vouchers 
21
representing payments past due by more than 30 days."; and

 
22
on page 30, line 26, after "submitted", by inserting "for State 
23
fiscal year 2010"; and
 
24
on page 32, lines 1 and 2, by replacing "the maximum rate 
 


 






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authorized by the Bond Authorization Act" with "3.5% per 
2
annum"; and
 
3
on page 32, immediately below line 20, by inserting the 
4
following:
5
        "(13)  If the Board elects to borrow money pursuant to 
6
    item (12) of this Section, the President of the University 
7
    shall, following consultation with the Board, within 15 
8
    days after the time the money is borrowed, submit a backlog 
9
    bill payment plan to the Governor's Office of Management 
10
    and Budget.  No borrowed moneys may be expended in part or 
11
    in whole until and unless the Director of the Governor's 
12
    Office of Management and Budget gives written approval of 
13
    the backlog bill payment plan to the University.  Upon 
14
    receipt of a backlog bill payment plan, the Governor's 
15
    Office of Management and Budget must communicate its 
16
    written approval or disapproval, as the case may be, within 
17
    10 days.
18
        The Board must ensure that all payments specified in 
19
    the backlog bill payment plan are paid according to the 
20
    schedule set forth in the backlog bill payment plan.
21
        For purposes of this item (13), "backlog bill payment 
22
    plan" means a schedule by which a university borrowing 
23
    money pursuant to item (12) of  this subsection (a) will pay 
24
    vendors who have vouchers representing payments past due by 
25
    more than 30 days."; and

 
 


 






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on page 40, line 1, after "submitted", by inserting "for State 
2
fiscal year 2010"; and
 
3
on page 41, lines 1 and 2, by replacing "the maximum rate 
4
authorized by the Bond Authorization Act" with "3.5% per 
5
annum"; and
 
6
on page 41, immediately below line 18, by inserting the 
7
following:
8
    "(14) If the Board elects to borrow money pursuant to item 
9
(13) of this Section, the President of the University shall, 
10
following consultation with the Board, within 15 days after the 
11
time the money is borrowed, submit a backlog bill payment plan 
12
to the Governor's Office of Management and Budget.  No borrowed 
13
moneys may be expended in part or in whole until and unless the 
14
Director of the Governor's Office of Management and Budget 
15
gives written approval of the backlog bill payment plan to the 
16
University.  Upon receipt of a backlog bill payment plan, the 
17
Governor's Office of Management and Budget must communicate its 
18
written approval or disapproval, as the case may be, within 10 
19
days.
20
    The Board must ensure that all payments specified in the 
21
backlog bill payment plan are paid according to the schedule 
22
set forth in the backlog bill payment plan.
23
    For purposes of this item (14), "backlog bill payment plan" 
 


 






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means a schedule by which a university borrowing money pursuant 
2
to item (13) of this Section will pay vendors who have vouchers 
3
representing payments past due by more than 30 days."; and

 
4
on page 49, line 4, after "submitted", by inserting "for State 
5
fiscal year 2010"; and
 
6
on page 50, lines 4 and 5, by replacing "the maximum rate 
7
authorized by the Bond Authorization Act" with "3.5% per 
8
annum"; and
 
9
on page 50, immediately below line 21, by inserting the 
10
following:
11
    "(15) If the Board elects to borrow money pursuant to item 
12
(14) of this Section, the President of the University shall, 
13
following consultation with the Board, within 15 days after the 
14
time the money is borrowed, submit a backlog bill payment plan 
15
to the Governor's Office of Management and Budget.  No borrowed 
16
moneys may be expended in part or in whole until and unless the 
17
Director of the Governor's Office of Management and Budget 
18
gives written approval of the backlog bill payment plan to the 
19
University.  Upon receipt of a backlog bill payment plan, the 
20
Governor's Office of Management and Budget must communicate its 
21
written approval or disapproval, as the case may be, within 10 
22
days.
23
    The Board must ensure that all payments specified in the 
 


 






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backlog bill payment plan are paid according to the schedule 
2
set forth in the backlog bill payment plan.
3
    For purposes of this item (15), "backlog bill payment plan" 
4
means a schedule by which a university borrowing money pursuant 
5
to item (14) of this Section will pay vendors who have vouchers 
6
representing payments past due by more than 30 days."; and

 
7
on page 56, line 8, after "submitted", by inserting "for State 
8
fiscal year 2010"; and
 
9
on page 57, lines 8 and 9, by replacing "the maximum rate 
10
authorized by the Bond Authorization Act" with "3.5% per 
11
annum"; and
 
12
on page 57, immediately below line 25, by inserting the 
13
following:
14
    "(14) If the Board elects to borrow money pursuant to item 
15
(13) of this Section, the President of the University shall, 
16
following consultation with the Board, within 15 days after the 
17
time the money is borrowed, submit a backlog bill payment plan 
18
to the Governor's Office of Management and Budget.  No borrowed 
19
moneys may be expended in part or in whole until and unless the 
20
Director of the Governor's Office of Management and Budget 
21
gives written approval of the backlog bill payment plan to the 
22
University.  Upon receipt of a backlog bill payment plan, the 
23
Governor's Office of Management and Budget must communicate its 
 


 






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written approval or disapproval, as the case may be, within 10 
2
days.
3
    The Board must ensure that all payments specified in the 
4
backlog bill payment plan are paid according to the schedule 
5
set forth in the backlog bill payment plan.
6
    For purposes of this item (14), "backlog bill payment plan" 
7
means a schedule by which a university borrowing money pursuant 
8
to item (13) of this Section will pay vendors who have vouchers 
9
representing payments past due by more than 30 days."; and
 
10
on page 66, line 6, after "submitted", by inserting "for State 
11
fiscal year 2010"; and
 
12
on page 67, lines 6 and 7, by replacing "the maximum rate 
13
authorized by the Bond Authorization Act" with "3.5% per 
14
annum"; and
 
15
on page 67, immediately below line 23, by inserting the 
16
following:
17
    "(15)  If the Board elects to borrow money pursuant to item 
18
(14) of this Section, the President of the University shall, 
19
following consultation with the Board, within 15 days after the 
20
time the money is borrowed, submit a backlog bill payment plan 
21
to the Governor's Office of Management and Budget.  No borrowed 
22
moneys may be expended in part or in whole until and unless the 
23
Director of the Governor's Office of Management and Budget 
 


 






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gives written approval of the backlog bill payment plan to the 
2
University.  Upon receipt of a backlog bill payment plan, the 
3
Governor's Office of Management and Budget must communicate its 
4
written approval or disapproval, as the case may be, within 10 
5
days.
6
    The Board must ensure that all payments specified in the 
7
backlog bill payment plan are paid according to the schedule 
8
set forth in the backlog bill payment plan.
9
    For purposes of this item (15), "backlog bill payment plan" 
10
means a schedule by which a university borrowing money pursuant 
11
to item (14) of this Section will pay vendors who have vouchers 
12
representing payments past due by more than 30 days."; and

 
13
on page 73, line 8, after "submitted", by inserting "for State 
14
fiscal year 2010"; and
 
15
on page 74, lines 8 and 9, by replacing "the maximum rate 
16
authorized by the Bond Authorization Act" with "3.5% per annum; 
17
and
 
18
on page 74, immediately below line 25, by inserting the 
19
following:
20
    "(14)  If the Board elects to borrow money pursuant to item 
21
(13) of this Section, the President of the University shall, 
22
following consultation with the Board, within 15 days after the 
23
time the money is borrowed, submit a backlog bill payment plan 
 


 






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to the Governor's Office of Management and Budget.  No borrowed 
2
moneys may be expended in part or in whole until and unless the 
3
Director of the Governor's Office of Management and Budget 
4
gives written approval of the backlog bill payment plan to the 
5
University.  Upon receipt of a backlog bill payment plan, the 
6
Governor's Office of Management and Budget must communicate its 
7
written approval or disapproval, as the case may be, within 10 
8
days.
9
    The Board must ensure that all payments specified in the 
10
backlog bill payment plan are paid according to the schedule 
11
set forth in the backlog bill payment plan.
12
    For purposes of this item (14), "backlog bill payment plan" 
13
means a schedule by which a university borrowing money pursuant 
14
to item (13) of this Section will pay vendors who have vouchers 
15
representing payments past due by more than 30 days.".