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.











    C12L90RLE/HB2297A06192