HOUSE BILL NO. 287 "An Act making and amending capital appropriations and reappropriations and capitalizing funds; and providing for an effective date." Co-Chair Mulder pointed out that HB 287 only takes effect if HB 281 or something similar is passed. Co-Chair Therriault questioned if there is language that restricts authorization of projects if HB 281 passes but the bonds are not sold. Mr. Bitney explained that the authorizations are in the same manner as authorization for federal appropriations. They would be based on receipt of the proceeds of the sale. Co-Chair Therriault questioned if the language would require that bonds be issued by AHFC. Mr. Dubler suggested the language be clarified by adding "bonds issued under HB 281". Representative J. Davies pointed out that section 3 identifies bonds. Mr. Bitney noted that the legislation refers to bonds authorized under the act in section 3. Representative J. Davies noted that clarification would be needed on page 1, line 7 and page 3, line 13 and 31. Co-Chair Mulder questioned if the language should be added to the effect that the "proceeds of the bonds issued by AFHC are those bonds authorized under section 3", so that AHFC would not be required to issue bonds if the tobacco bond issuance failed. GEORGE UTERMOHLE, LEGAL COUNSEL, LEGISLATIVE AFFAIRS AGENCY pointed out that section 3 does not authorize the issuance of any bonds. Co-Chair Therriault suggested that the "bonds referenced in section 3" be added. Mr. Utermohle agreed with Co-Chair Therriault's suggestion. Mr. Utemohle explained that section 3 provides that the bill does not take effect if the contingency is not met. Section 4 provides that if the contingency is met that the legislation takes effects July 1, 2000. If the contingency were met after July 1, 2000 then the effective date would be immediate. Co-Chair Therriault reiterated his concerns. He suggested the addition of "proceeds of the bonds referenced in section 3 of this act." Mr. Utemohle agreed that the suggested language would tie the appropriations to the bonds issued by AHFC and described in section 3. Co-Chair Mulder provided members with a proposed committee substitute 1-GH2043|G, 4/19/00 (copy on file). Co-Chair Therriault MOVED to ADOPT 1-GH2043|G, 4/19/00. There being NO OBJECTION, it was so ordered. Co-Chair Therriault MOVED to ADOPT Amendment 1 add "referenced by section 3 of this act" after "proceeds of the bonds." There being NO OBJECTION, it was so ordered. HB 287 was heard and HELD in Committee for further consideration. HOUSE BILL NO. 287 "An Act making and amending capital appropriations and reappropriations and capitalizing funds; and providing for an effective date." Representative Foster MOVED to report CSHB 287 (FIN) out of Committee. There being NO OBJECTION, it was so ordered. CSHB 287 (FIN) was REPORTED out of Committee with a "do pass" recommendation.