Assembly Amendment to Senate Bill No. 48 (BDR 31-864)
Proposed by: Committee on Government Affairs
Amendment Box:
Amends: Summary: Title: Preamble: Joint Sponsorship:
ASSEMBLY ACTION
Initial and Date | SENATE ACTION Initial and DateAdopted Lost | Adopted Lost
Concurred In Not | Concurred In Not
Receded Not | Receded Not
Amend section 1, page 2, by deleting lines 1 through 3 and inserting:
"
4. If the board of trustees of a school district has established such a fund and the school district is located in a county in which at least 25 percent of the revenue in the general fund attributable to the levy of property taxes was, for each of the immediately preceding 2 fiscal years, derived from the proceeds from the tax on the net proceeds of minerals, the balance in the fund must not exceed 15 percent of the expenditures from the".