S1412B2285A08492       MSP:EAZ 07/01/08    #90             A08492
                       AMENDMENTS TO SENATE BILL NO. 1412
                                    Sponsor:  REPRESENTATIVE REICHLEY
                                           Printer's No. 2285

     1       Amend Title, page 1, line 17, by inserting after "zones;"
     2               providing for cap and trade;
     3       Amend Sec. 2, page 12, by inserting between lines 29 and 30
     4    Section 312.  Cap and trade.
     5       The department shall provide a method by which a county which
     6    has acreage in a subzone or a keystone opportunity improvement
     7    zone that remains unused may transfer the designation of the
     8    amount of acreage as a subzone or a keystone opportunity
     9    improvement zone to another county to utilize in an area within
    10    the county in which there is deteriorated property for the
    11    purposes of designating the deteriorated property as a subzone
    12    or a keystone opportunity zone. The department shall allow for
    13    the purchase of the acreage as a transfer under this section. A
    14    transfer under this section shall first be approved by all
    15    affected political subdivisions within each county, including
    16    each county. Any transfer under this section shall be subject to
    17    approval by the department.









    G1L90MSP/SB1412A08492