05/13/2002 01:44 PM Senate FIN

     CS FOR HOUSE BILL NO. 524(FIN)                                                                                             
     "An Act  relating to the issuance  of general obligation  bonds                                                            
     for  the purpose of  paying the cost  of design, construction,                                                             
     and  major maintenance  of educational  and museum facilities;                                                             
     and providing for an effective date."                                                                                      
                                                                                                                                
                                                                                                                                
This  was the first  hearing  for this  bill in  the Senate  Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
Senator  Leman  moved to  adopt  SCS CS  HB  524, 22-LS1725\O  as  a                                                            
working document.                                                                                                               
                                                                                                                                
There being no objection, the committee substitute was ADOPTED.                                                                 
                                                                                                                                
Amendment  #1: This  amendment would  truncate [or  round down]  the                                                            
dollar amounts  for the eleven projects  identified in Section  3 of                                                            
the bill beginning  with the thousandth  digit position so  that the                                                            
four affected digits reflect the number zero.                                                                                   
                                                                                                                                
Senator Leman moved for  adoption of Amendment #1, stating "it would                                                            
be a better  way to list the numbers."  He stated this would  create                                                            
"a fairly minor affect" on the total.                                                                                           
                                                                                                                                
Co-Chair  Kelly objected  stating this amendment  might create  some                                                            
unforeseen delays in moving the bill forward.                                                                                   
                                                                                                                                
A roll call was taken on the motion.                                                                                            
                                                                                                                                
IN FAVOR: Senator Green, Senator Leman                                                                                          
                                                                                                                                
OPPOSED: Senator Austerman,  Senator Hoffman, Senator Olson, Senator                                                            
Ward, Senator Wilken, Co-Chair Donley, Co-Chair Kelly                                                                           
                                                                                                                                
The motion FAILED (2-7)                                                                                                         
                                                                                                                                
Senator  Olson  inquired as  to  the difference  between  the  House                                                            
version of the bill and the committee substitute.                                                                               
                                                                                                                                
Co-Chair  Kelly  responded  that the  Senate  Committee Substitute,                                                             
Version  "O",  includes  a  more  extensive  list  of  projects.  He                                                            
explained,  "To achieve  that,  most of  the major  maintenance  was                                                            
removed."                                                                                                                       
                                                                                                                                
Senator  Leman offered  a motion  to report  "Senate  CS for CS  for                                                            
House   Bill   524   Finance   from   Committee    with   individual                                                            
recommendations and accompanying small fiscal note."                                                                            
                                                                                                                                
There being  no objection,  SCS CS  HB 524 (FIN)  was REPORTED  from                                                            
Committee with Fiscal Note  #1 from the Department of Revenue, dated                                                            
May 3, 2002.