View Amendment Current Amendment: 67C002.BBM.DG17.docx to Bill 67     The Committee on Finance proposed the following amendment (DG\67C002.BBM.DG17):
    Amend the bill, as and if amended, SECTION 1, page 2, by striking Section 12-10-88(E) and inserting:

/     (E)     For purposes of this section 'closed or realigned military federal installation' means:
        (1)     until January 1, 2021, a federal defense site in which permanent employment was reduced by three thousand or more jobs after from the level of such jobs on December 31, 1990, or a federal military base or installation which is has been closed or realigned under:
            (1)(a)     the Defense Base Closure and Realignment Act of 1990;
            (2)(b)     Title 11 of the Defense Authorization Amendments and Base Closure and Realignment Act; or
            (3)(c)     Section 2687 of Title 10, United States Code; and
        (2)     from January 1, 2021, and until January 1, 2026, a federal site in which permanent employment has been reduced by three thousand or more jobs from the level of such jobs on December 31, 1996."         /

    Amend the bill further, by striking SECTION 3 and inserting:

/         SECTION     3.     Section 31-12-70(A) of the 1976 Code is amended by adding an appropriately numbered item at the end to read:

    "( )     to use the redevelopment fees provided pursuant to Section 12-10-88 for the administration and implementation of the redevelopment authority's redevelopment plans which may include programs to reduce unemployment or increase the property tax base in the area served by the authority, including without limitation, by permitting the use of the fees by multicounty economic development not-for-profit corporations whose members include one or more counties that contain some or all of the area of operation of the redevelopment authority for their administration and operating costs;"     /

    Renumber sections to conform.
    Amend title to conform.