(Doc Name h:\legwork\house\amend\h-wm\007\debt service scdc.docx):
EXPLANATION: Allocates $13,360,642 to SCDC for critical security upgrades.
Amend the bill, as and if amended, Part IB, Section 112, DEBT
SERVICE, page 458, paragraph 112.1, line 11-14,by striking the
proviso in its entirety and inserting:
/ 112.1. (DS: Excess
Debt Service) The State Treasurer shall transfer, from
debt service that exceeds the principal and interest due in the
current fiscal year, $13,360,642 to the Department of
Corrections for Critical Security Upgrades including, but not
limited to, installation of additional security measures for
window frames and glazing, opaque glazing, food flaps, cuff
ports and door locks for inmate cells, housing units and
correctional facilities. Any additional excess debt
service funds from available in
Fiscal Year 2016-17 2018-19
must may be carried
forward and expended in Fiscal Year 2017-18
expended in the fiscal year to pay down general
obligation bond debt for which the State (1) is paying the
highest rate of interest, (2) will achieve relief in constrained
debt capacity, or (3) reduce the amount of debt issued./
Renumber sections to conform.
Amend totals and titles to conform.