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23                                         SECTION 56
24
25     TO AMEND SECTION 59-107-90, AS AMENDED, OF THE 1976 CODE, RELATING TO THE MAXIMUM AMOUNT OF
26     OUTSTANDING STATE INSTITUTION BONDS, SO AS TO INCREASE THE MAXIMUM AMOUNT OF SUCH BONDS.
27
28     Section 59-107-90 of the 1976 Code, as last amended by Act 145 of 1995, is further amended to read:
29
30           "Section 59-107-90. Notwithstanding any other provision of this chapter, there must not be outstanding at any given time state
31     institution bonds for all institutions in excess of ninety one hundred twenty million dollars except that in computing this debt limitation, all
32     bonds defeased pursuant to Section 59-107-200 must be deducted from the aggregate of state institution bonds outstanding at the time."