H0320B0299A00791 BIL:NLG 04/16/19 #90 A00791
AMENDMENTS TO HOUSE BILL NO. 320
Sponsor: REPRESENTATIVE FREEMAN
Printer's No. 299
Amend Bill, page 20, line 26, by inserting after
"transaction."
The resolution is subject to section 8003(a) and (b)
(relating to advertisement and effectiveness of ordinances)
but may be valid and effective for all purposes immediately
upon adoption or as otherwise provided in the resolution. The
resolution authorizing and awarding a qualified interest rate
management agreement or authorizing a transaction under the
agreement must include in the resolution or as an appendix to
the resolution all of the following:
(i) A copy of the qualified interest rate management
agreement or confirmation of the transaction under the
qualified interest rate management agreement in
substantially the form to be executed pursuant to the
resolution.
(ii) An interest rate management plan meeting the
requirements under this subpart:
(A) adopted by the contracting authority; or
(B) if the contracting authority is incurring
indebtedness which has or will be issued to a public
authority that has entered into or will enter into an
interest rate management agreement meeting the
requirements of this subchapter, adopted by that
public authority.
(iii) A statement of the manner by which the award
of the interest rate management agreement is completed.
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