H2297B3347A06963 VDL:JB 05/06/08 #90 A06963 AMENDMENTS TO HOUSE BILL NO. 2297 (As amended by A06858) Sponsor: REPRESENTATIVE REICHLEY Printer's No. 3347 1 Amend Title, page 1, line 16 (A06858), by striking out "and" 2 and inserting a comma 3 Amend Title, page 1, line 17 (A06858), by inserting after 4 "parcels" 5 and for cap and trade 6 Amend Bill, page 3, by inserting between lines 35 and 36 7 (A06858) 8 Section 310. Cap and trade. 9 The department shall provide a method by which a county which 10 has acreage in a subzone or a keystone opportunity improvement 11 zone that remains unused may transfer the designation of the 12 amount of acreage as a subzone or a keystone opportunity 13 improvement zone to another county to utilize in an area within 14 the county in which there is deteriorated property for the 15 purposes of designating the deteriorated property as a subzone 16 or a keystone opportunity zone. The department shall allow for 17 the purchase of the acreage as a transfer under this section. A 18 transfer under this section shall first be approved by all 19 affected political subdivisions within each county, including 20 each county. Any transfer under this section shall be subject to 21 approval by the department. E6L90VDL/HB2297A06963