HOUSE AMENDMENT

                                               Bill No. CS/HB 1721

    Amendment No. 003 (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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11  The Committee on Finance & Taxation offered the following:

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13         Amendment 

14         On page 6, lines 25-27

15  remove from the bill:  all of said lines

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17  and insert in lieu thereof:

18  all documents and agreements.  The total principal amount of

19  bonds issued by the corporation shall not exceed $3.0 billion.

20  The principal amount of bonds issued in any single fiscal year

21  shall not exceed $1.5 billion, beginning with the 2000-2001

22  fiscal year.  The limitation on the principal amount of bonds

23  issued by the corporation shall not apply to bonds issued to

24  refund previously issued bonds.  No series of bonds issued

25  shall have a true interest cost rate of more than 4 percent

26  over the yield on U.S. Treasury obligations which have a

27  maturity approximately equal to the average life of such

28  series of bonds.  Satisfaction of the foregoing interest rate

29  limitation shall be determined on the date such bonds are sold

30  or a definitive agreement to sell such bonds at specified

31  prices or yields is executed and delivered.  The corporation

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    File original & 9 copies    04/26/00
    hft0006                     06:02 pm         01721-ft  -922985




                                                   HOUSE AMENDMENT

                                               Bill No. CS/HB 1721

    Amendment No. 003 (for drafter's use only)





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    File original & 9 copies    04/26/00
    hft0006                     06:02 pm         01721-ft  -922985