| 1 | Representative(s) Reagan offered the following: | 
| 2 | 
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| 3 | Amendment | 
| 4 | Remove line(s) 72-81 and insert: | 
| 5 | on the ballot of the probable financial impact of the | 
| 6 | initiative. The probable financial impact of the initiative | 
| 7 | shall be the estimated increase or decrease in any revenues or | 
| 8 | costs to state or local governments resulting from the full | 
| 9 | implementation of the proposed initiative, including those | 
| 10 | resulting from the enactment, revision, or repeal of legislation | 
| 11 | by state and local governments that would be required to fully | 
| 12 | implement the initiative, and from the exercise of any expanded | 
| 13 | authority or discretion that would be granted to any entity by | 
| 14 | the passage and full implementation of the proposed initiative. | 
| 15 | The Financial Impact |