S0778B1003A02480 NAD:CMD 06/24/19 #90 A02480
AMENDMENTS TO SENATE BILL NO. 778
Sponsor: SENATOR K. WARD
Printer's No. 1003
Amend Bill, page 2, lines 12 and 13, by striking out
"payments" and" and inserting
payments,"
Amend Bill, page 2, line 13, by inserting after "payments""
and "scheduled annual commission contribution"
Amend Bill, page 2, line 29, by striking out "an amount
determined by the department" and inserting
for fiscal year 2019-2020 an amount equal to
$225,000,000, for fiscal year 2020-2021 an amount equal to
$100,000,000 and for fiscal year 2021-2022 an amount equal to
$50,000,000
Amend Bill, page 3, lines 8 and 9, by striking out "An amount
determined by the department " and inserting
For fiscal year 2019-2020 an amount equal to
$175,000,000, for fiscal year 2020-2021 an amount equal to
$100,000,000 and for fiscal year 2021-2022 an amount equal to
$50,000,000
Amend Bill, page 3, line 9, by inserting a bracket before
"annually"
Amend Bill, page 3, line 10, by inserting a bracket after
"2021-2022"
Amend Bill, page 3, by inserting between lines 16 and 17
"Scheduled annual commission contribution." The following
amounts:
(1) $750,000,000 in fiscal year 2007-2008.
(2) $850,000,000 in fiscal year 2008-2009.
(3) $900,000,000 in fiscal year 2009-2010.
(4) For fiscal year 2010-2011 through fiscal year [2021-
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2022] 2018-2019, the amount shall be the amount calculated
for the previous year increased by 2.5%, except that the
amount shall be equal to the annual base payments plus
$250,000,000 if the conversion notice is not received by the
secretary prior to the expiration of the conversion period.
For fiscal year 2019-2020 the amount shall be equal to
$400,000,000, for fiscal year 2020-2021 the amount shall be
equal to $200,000,000 and for fiscal year 2021-2022 the
amount shall be equal to $100,000,000. For fiscal year 2014-
2015 and each fiscal year thereafter through fiscal year
2021-2022, at least $30,000,000 of this amount shall be paid
from then-current revenue.
(5) For fiscal year 2022-2023 and each fiscal year
thereafter, the amount shall be equal to the annual base
payment of $50,000,000 payable annually from then-current
revenue.
Amend Bill, page 3, line 17, by striking out "in 60 days" and
inserting
immediately
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