H2297B3347A06192       RLE:CMM 03/12/08    #90             A06192
                       AMENDMENTS TO HOUSE BILL NO. 2297
                                    Sponsor:  REPRESENTATIVE ARGALL
                                           Printer's No. 3347

     1       Amend Sec. 1, page 5, by inserting between lines 4 and 5
     2    Section 301.6.  Extreme urban blight.
     3       (a)  General rule.--Notwithstanding any other provision of
     4    this act, keystone opportunity zones may be established after
     5    the effective date of this section only in areas of suffering
     6    from extreme urban blight.
     7       (b)  Definition.--For purposes of this section, "extreme
     8    urban blight" shall mean a state of deterioration or decay so
     9    severe as to cause the property in question to be essentially
    10    worthless or commercially undesirable if not for the special
    11    benefits granted under the provisions of this act.