Senator GROOMS, PEELER, ALEXANDER, BENNET, BRIGHT, BRYANT, CAMPBELL, CAMPSEN, CLEARY, CORBIN, COURSON, CROMER, DAVIS, FAIR, GREGORY, HAYES, HEMBREE, LEATHERMAN, L. MARTIN, S. MARTIN, MASSEY, RANKIN, SHEALY, THURMOND, TURNER, VERDIN, YOUNG proposed the following amendment (BBM\3579C162.BBM.DG16):
    Amend Amendment Number 31A, bearing document number 3579R067 EB LKG, as and if amended, by striking SECTION 3 and inserting:

/         SECTION     3.     Section 11-43-150 of the 1976 Code is amended by adding an appropriately lettered subsection at the end to read:

    "(_)     Before providing a loan or other financial assistance to a qualified borrower on a qualified project, the board of directors must submit the decision to the Department of Transportation Commission for its consideration. The Department of Transportation Commission can approve or reject the board of directors' decisions or request additional information from the board of directors. This requirement does not apply to decisions by the board that relate to any payment or contractual obligations that the Department of Transportation has to the bank that are pledged to any bonds issued by the bank." /
    Renumber sections to conform.
    Amend title to conform.