HB2035sam010 95TH GENERAL ASSEMBLY

Sen. Rickey R. Hendon

Filed: 9/18/2007

09500HB2035sam010 LRB095 08248 AMC 39530 a

AMENDMENT TO HOUSE BILL 2035

AMENDMENT NO. ______. Amend House Bill 2035, AS AMENDED, with reference to page and line numbers of Senate Amendment No. 8, on page 219, line 20, by replacing "issuance" with "operation"; and

on page 219, line 21, by replacing "Section (h-5)" with "subsection (h-5)"

on page 219, immediately below line 25, by inserting the following:

"(b-4) From the total amount of moneys deposited in the State Gaming Fund from lease agreements regarding any additional gaming positions under subsection (h-5) of Section 7 (1) an amount equal to 30% shall be transferred to the Education Assistance Fund and (2) for a period of 5 years after the effective date of this amendatory Act of the 95th General Assembly, an amount equal to 70% shall be transferred into the Capital Program Acceleration Fund, and, after that 5-year period, an amount equal to 70% shall by transferred into the General Obligation Bond Retirement and Interest Fund.".