S0711B1460A04199     SFL:EAZ  10/03/09     #90        A04199

  

  

  

  

AMENDMENTS TO SENATE BILL NO. 711

Printer's No. 1460

  

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Amend Bill, page 122, line 4, by inserting after "1328(a)(1)"

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and (d)

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Amend Bill, page 124, by inserting between lines 20 and 21

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(d)  Fee reduction.--The board may in its discretion

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eliminate the need for qualification and/or proportionately

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reduce, but not eliminate, the new license fee otherwise

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required pursuant to this section in connection with a change of

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control of a licensee, depending upon the type of transaction,

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the relevant ownership interests and changes thereto resulting

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from the transaction and other considerations deemed relevant by

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the board. In no case shall the fee be reduced below $10,000,000

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for a Category 1 or Category 2 license or $1,000,000 for a

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Category 3 license.

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