Reference is to Printer's Date 4/14/15-H.
Amend the bill, as and if amended, Part 3, Page [3579-14], immediately after line 40, by adding an appropriately numbered SECTION to read:
/SECTION ___. Article 1, Chapter 43, Title 11 of the 1976 Code is amended by adding:
"Section 11-43-267.
Except with the approval of the General Assembly by joint
resolution or statewide act approved by governor, the bank shall
not approve full or partial funding for any highway projects
unless reserves or bonding capacity for such projects have been
provided out of either:
(1) current balances in
the bank; or
(2) current bonding
capacity of the bank.
The bank shall not prospectively approve any funding for
projects contingent upon additional tax revenue legislation or
upon the anticipated satisfaction of debts from previously
issued bonds, unless approved by the general assembly. this
section must be effective retroactively to August 16,
2012."/
Renumber sections to conform.
Amend title to conform.