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