Full Text of SB0642 96th General Assembly
SB0642ham005 96TH GENERAL ASSEMBLY
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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
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| 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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
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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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
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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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
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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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
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| 1 |
| 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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
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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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
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| 1 |
| 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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
|
| 1 |
| 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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|
|
09600SB0642ham005 |
- 9 - |
LRB096 06697 RPM 39571 a |
|
| 1 |
| 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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|
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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
|
| 1 |
| 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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09600SB0642ham005 |
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LRB096 06697 RPM 39571 a |
|
| 1 |
| 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. ".
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