04/13/2012 09:00 AM Senate FINANCE

CS FOR HOUSE BILL NO. 286(FIN)                                                                                                
                                                                                                                                
     "An Act providing  for and relating to  the issuance of                                                                    
     general obligation bonds for  the purpose of paying the                                                                    
     cost  of state  transportation projects;  and providing                                                                    
     for an effective date."                                                                                                    
                                                                                                                                
9:56:35 AM                                                                                                                    
                                                                                                                                
Co-Chair  Hoffman  MOVED  to ADOPT  the  proposed  committee                                                                    
substitute  for  HB  286, Work  Draft  27-GH2769\D  (Kirsch,                                                                    
4/12/12)                                                                                                                        
                                                                                                                                
9:56:44 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman OBJECTED for the purpose of discussion.                                                                        
                                                                                                                                
9:56:50 AM                                                                                                                    
                                                                                                                                
WESTON EILER,  STAFF, SENATOR  BERT STEDMAN,  explained that                                                                    
the  new  committee  substitute  reflected  grammatical  and                                                                    
formatting changes.  He directed  attention to Page  2, line                                                                    
8,  which  listed  the projects  reordered  in  alphabetical                                                                    
order  and made  conforming changes  to the  project titles.                                                                    
The projects and  the amounts remained the  same. The second                                                                    
change was found on Page 3,  line 5; again the projects were                                                                    
reordered for  formatting, but no  changes were made  in the                                                                    
projects or the project amounts.                                                                                                
                                                                                                                                
Co-Chair  Stedman  REMOVED  his OBJECTION.  There  being  NO                                                                    
FURTHER OBJECTION, Work Draft 27-GH2769\D was ADOPTED.                                                                          
                                                                                                                                
9:58:05 AM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman explained  that the  legislation had  been                                                                    
worked   on  by   both  bodies   and  had   been  originally                                                                    
recommended  by the  administration. He  furthered that  the                                                                    
committee,  in  conjunction  with  the  administration,  was                                                                    
working to move the bill forward.                                                                                               
                                                                                                                                
Co-Chair Stedman discussed the fiscal note in the packet.                                                                       
                                                                                                                                
CSHB 286(FIN)  was HEARD and  HELD in committee  for further                                                                    
consideration.