S0910B1262A03307 AJB:AAS 10/21/19 #90 A03307
AMENDMENTS TO SENATE BILL NO. 910
Sponsor: SENATOR REGAN
Printer's No. 1262
Amend Bill, page 1, line 6, by striking out the comma after
"notice" and inserting
and
Amend Bill, page 1, line 7, by inserting after "grants,"
providing for consolidation incentive, further providing
Amend Bill, page 2, line 17, by striking out the comma after
"7822" and inserting
and
Amend Bill, page 2, line 17, by striking out ", 7831, 7832,
7832.1, 7833 and 7841"
Amend Bill, page 7, by inserting between lines 24 and 25
Section 3. Title 35 is amended by adding a section to read:
ยง 7824. Consolidation incentive.
After January 1, 2020, if two or more emergency medical
services companies consolidate their use of facilities,
equipment, firefighters and services, the consolidated entity
may, upon notification of the commissioner, be eligible for a
reduction of the interest rate payable on any outstanding
principal balance owed, as of the date of consolidation, by any
or all of the consolidating companies to the Volunteer Companies
Loan Fund for loans made under Subchapter E of Chapter 73
(relating to volunteer fire company, ambulance service and
rescue squad assistance). The reduction in the interest rate
payable shall be from 2% to 1%. Upon receipt of such
notification, the commissioner shall determine and verify that
the consolidated entity is in fact a bona fide consolidated
emergency medical services company. If the commissioner
determines that the consolidated entity is a bona fide
consolidated emergency medical services company, the
commissioner shall reduce the interest rate payable on any
outstanding principal balance owed to the Volunteer Companies
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Loan Fund for loans made under Subchapter E of Chapter 73, for
which the consolidating companies or the consolidated entity may
be individually or jointly responsible. The commissioner may
promulgate such rules and regulations as may be necessary to
carry out the provisions of this section.
Section 4. Sections 7831, 7832, 7832.1, 7833 and 7841 of
Title 35 are amended to read:
Amend Bill, page 9, line 14, by striking out "3" and
inserting
5
Amend Bill, page 10, line 6, by striking out the comma after
"companies" where it occurs the second time and inserting
and
Amend Bill, page 10, line 7, by striking out "and quick
response service companies" and inserting a period
Amend Bill, page 10, line 27, by striking out "4" and
inserting
6
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