Rep. G.M. SMITH proposes the following Amendment No. 1 to H.4000 as introduced by Ways & Means
(Doc Name h:\legwork\house\amend\h-wm\002\debt service carry forward.docx):
EXPLANATION: Technical clarification allowing up to $11.9 M of excess debt service to be carried forward and expended for debt service purposes in the current fiscal year.

Amend the bill, as and if amended, Part IB, Section 112, DEBT SERVICE, page 464, paragraph 112.1, line 10, by inserting after 'issued.' and before 'Should':
/Up to $11,994,231 of excess debt service funds from the prior fiscal year may be carried forward and expended for debt service purposes in the current fiscal year. /

Renumber sections to conform.
Amend totals and titles to conform.