Sen. Rickey R. Hendon
Filed: 9/18/2007
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1 | AMENDMENT TO HOUSE BILL 2035
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2 | AMENDMENT NO. ______. Amend House Bill 2035, AS AMENDED, | ||||||
3 | with reference to page and line numbers of Senate Amendment No. | ||||||
4 | 8, on page 219, line 20, by replacing " issuance " with | ||||||
5 | " operation "; and
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6 | on page 219, line 21, by replacing " Section (h-5) " with | ||||||
7 | " subsection (h-5) " | ||||||
8 | on page 219, immediately below line 25, by inserting the | ||||||
9 | following: | ||||||
10 | " (b-4) From the total amount of moneys deposited in the | ||||||
11 | State Gaming Fund from lease agreements regarding any | ||||||
12 | additional gaming positions under subsection (h-5) of Section 7 | ||||||
13 | (1) an amount equal to 30% shall be transferred to the | ||||||
14 | Education Assistance Fund and (2) for a period of 5 years after | ||||||
15 | the effective date of this amendatory Act of the 95th General | ||||||
16 | Assembly, an amount equal to 70% shall be transferred into the |
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1 | Capital Program Acceleration Fund, and, after that 5-year | ||||||
2 | period, an amount equal to 70% shall by transferred into the | ||||||
3 | General Obligation Bond Retirement and Interest Fund. ".
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