(Doc Name H:\LEGWORK\HOUSE\AMEND\H-WM\010\JASPER PORT PROCEEDS.DOCX):
EXPLANATION: Directs 50% of the Port Royal Proceeds to develop the Jasper Port.
Amend the bill, as and if amended, Part IB, Section 88, STATE
PORTS AUTHORITY, page 467, after line 2, by adding an
appropriately numbered paragraph to read: /(SPA: Port
Royal Proceeds) Of the funds awarded from the sale of any real
or personal property at Port Royal to the State Ports Authority,
the Budget and Control Board, or the successor entity to the
Budget and Control Board, fifty percent of the proceeds shall be
used by the State Ports Authority for the purpose of developing
the Jasper Port./
Renumber sections to conform.
Amend totals and titles to conform.