1998-01-27                     Senate Journal                      Page 2316
SB 221                                                                       
The Finance Committee considered SENATE BILL NO. 221 An                        
Act relating to negatively amortizing loans originated under a                 
program approved or sponsored by the state or federal government               
and recommended it be replaced with                                            
                                                                               
CS FOR SENATE BILL NO. 221(FIN)                                               
An Act relating to negatively amortizing loans                                
secured by owner-occupied real property originated                             
under a program approved or sponsored by the state                             
or federal government, including congressionally                               
chartered national corporations.                                               
                                                                               
Signing no recommendation: Senators Sharp, Pearce, Cochairs,                   
Senator Adams. Signing do pass: Senators Phillips, Torgerson.                  
                                                                               
Zero fiscal note for the bill and the committee substitute published           
today from Department of Commerce and Economic Development.                    

1998-01-27                     Senate Journal                      Page 2317
SB 221                                                                       
The bill was referred to the Rules Committee.