2001 REGULAR SESSION (71st)                                                                            A AB407 454

Amendment No. 454

 

Assembly Amendment to Assembly Bill No. 407                                                              (BDR 22‑1196)

Proposed by: Committee on Government Affairs

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend section 1, page 2, by deleting lines 5 through 19 and inserting:

     “4.  A financial incentive must be included in the calculation of the value of financial incentives provided to a developer prescribed in subsection 2 if the agreement between the agency and the developer pursuant to subsection 2 did not provide for the recovery of the financial incentive and:

     (a) The developer or any partner, director or officer of the developer acted in a capacity to encourage or influence the agency to provide the financial incentive.

     (b) The financial incentive was a gift, grant, donation or loan.

     (c) The financial incentive was not a gift, grant, donation or loan and the agency incurred the costs for the financial incentive within the 60 months immediately preceding the date on which the agency and the developer entered into the agreement.”.

     Amend section 1, page 2, lines 32 and 33, by deleting:

“to meet standards which are” and inserting:

“that would be”.

     Amend section 1, page 2, by deleting line 35.