Senator CLIMER proposed the following amendment (464R006.SP.WC):

Amend the bill, as and if amended, on page 25, at line 20, by inserting an appropriately numbered new SECTION to read:

/SECTION __. A. Article 3, Chapter 31, Title 58 of the 1976 Code is amended by adding:

"Section 58-31-365. (A) The Public Service Authority must not include as a condition for subscribing to, purchasing , or acquiring notes, bonds, evidences of indebtedness, or other obligations of the Public Service Authority that the Public Service Authority be the sole entity to establish and modify rates.

(B) This section is not intended to conflict with Section 58-31-360. In the event that a court of competent jurisdiction determines that there is a conflict, the provisions of Section 58-31-360 shall prevail."

B.Th is SECTION takes effect on January 1, 2023 and applies after May 31, 2023. /