CHAIRMAN PHILLIPS announced that  a resolution to change the title                                                              
accompanies HB 389-MUNI TAX EXEMPTION: DETERIORATED PROPERTY.                                                               
                                                                                                                                
SENATOR ELLIS  moved to adopt Version  F of HB 389 as  the working                                                              
document of the committee.                                                                                                      
                                                                                                                                
CHAIRMAN  PHILLIPS asked  Representative Kohring  to describe  the                                                              
changes in Version F.                                                                                                           
                                                                                                                                
REPRESENTATIVE  VIC KOHRING,  sponsor  of HB  389, explained  that                                                              
Version F will put  a sunset date of 2006 back  in the legislation                                                              
and adds a retroactive provision  so that if the Governor does not                                                              
sign it into  law by June 30,  it will be retroactive  to June 30,                                                              
2002 so that no lapse occurs.                                                                                                   
                                                                                                                                
CHAIRMAN  PHILLIPS  noted  that   without  objection  to  adopting                                                              
Version F, the motion carried.                                                                                                  
                                                                                                                                
SENATOR  ELLIS moved  to calendar  HB 389  as amended  and SCR  38                                                              
[title change] at the Chairman's discretion.                                                                                    
                                                                                                                                
CHAIRMAN  PHILLIPS  noted  that   without  objection,  the  motion                                                              
carried.