(Doc Name h:\legwork\house\amend\h-wm\001\debt svc pay down.docx):
EXPLANATION: direct excess fy 14-15 debt services funds be carried forward and used to pay down bond debt with the highest rate of interest
Amend the bill, as and if amended, Part IB, Section 112, DEBT
SERVICE, page 518, paragraph 112.1, lines 32 - 33, by striking
the proviso in its entirety and inserting:
/ 112.1. (DS: Excess
Debt Service Funds Carry Forward) Excess Debt Service funds
from Fiscal Year 2013-14 2014-15
may must be carried forward and
expended for debt service purposes in Fiscal
Year 2014-15 2015-16 to pay down bond
debt for which the state is paying the highest rate of
interest./
Renumber sections to conform.
Amend totals and titles to conform.