05/13/2002 01:44 PM Senate FIN

     CS FOR HOUSE BILL NO. 51(FIN)                                                                                              
     "An Act giving  notice of and approving the entry  into and the                                                            
     issuance of certificates  of participation for a lease-purchase                                                            
     agreement  for a seafood and  food safety laboratory  facility;                                                            
     relating  to the use of certain  investment income for  certain                                                            
     construction costs; and providing for an effective date."                                                                  
                                                                                                                                
                                                                                                                                
This  was the first  hearing  for this  bill in  the Senate  Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
Senator Ward  moved for adoption of  SCS CS HB 51, 22-GH1012\J  as a                                                            
working document.                                                                                                               
                                                                                                                                
Co-Chair  Kelly explained  that Version "J"  contains revised  costs                                                            
for the new seafood and  food safety laboratory facility as a result                                                            
of money being appropriated to this project in FY02.                                                                            
                                                                                                                                
There being no objection, the committee substitute was ADOPTED.                                                                 
                                                                                                                                
Amendment #1: This amendment  changes the effective date of the bill                                                            
to March 1, 2003.                                                                                                               
                                                                                                                                
Senator Ward moved for adoption of Amendment #1.                                                                                
                                                                                                                                
Senator Hoffman  inquired as  to the reason  for the effective  date                                                            
change.                                                                                                                         
                                                                                                                                
Senator  Kelly   replied  that  this   date  would  allow   the  new                                                            
gubernatorial  administration  to negotiate  the lease arrangements                                                             
associated with this legislation.                                                                                               
                                                                                                                                
There being no objection, Amendment #1 was ADOPTED.                                                                             
                                                                                                                                
Senator  Ward  moved to  report  "Senate  Committee  Substitute  for                                                            
Committee Substitute for  House Bill #51 (Finance), Version J out of                                                            
Committee with  individual recommendations  and accompanying  notes,                                                            
as amended."                                                                                                                    
                                                                                                                                
There  being no  objection,  SCS CS  HB  51(FIN) was  REPORTED  from                                                            
Committee with  a new zero fiscal  note dated May 13, 2002  from the                                                            
Department   of   Administration,    a  new   $11,705,800    capital                                                            
expenditure/zero  operating  expenditure fiscal  note dated  May 13,                                                            
2002 from the  Department of Environmental  Conservation,  and a new                                                            
$18,000  fiscal  note dated  May 13,  2002  from the  Department  of                                                            
Revenue.                                                                                                                        
                                                                                                                                
RECESSED TO CALL OF THE CHAIR 1:47 PM / 9:00 PM                                                                                 
                                                                                                                                
AT EASE 9:03 PM / 9:05 PM