05/13/2002 01:44 PM Senate FIN

     CS FOR HOUSE BILL NO. 525(FIN) am                                                                                          
     "An Act relating to the issuance of general obligation bonds                                                               
     for the purpose of paying the cost of deferred maintenance of                                                              
     public facilities; 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 525,  22-LS1735\L as a                                                            
working draft.                                                                                                                  
                                                                                                                                
There being no objections, the committee substitute was ADOPTED.                                                                
                                                                                                                                
Senator  Ward   offered  a  motion   to  report  "Senate   Committee                                                            
Substitute  for Committee Substitute  for House Bill #525,  Finance,                                                            
Version  L out  of Committee  with  individual  recommendations  and                                                            
accompanying notes."                                                                                                            
                                                                                                                                
There being  no objections,  SCS CS  HB 525(FIN)  was REPORTED  from                                                            
Committee  with  fiscal   note  #1,  dated  May  3,  2002  from  the                                                          
Department of Revenue.