Texas 2009 - 81st Regular

Texas Senate Bill SB2064 Compare Versions

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1	1	S.B. No. 2064
2	2
3	3
4	4	AN ACT
5	5	relating to the issuance of state and local government securities,
6	6	including the powers and duties of the Bond Review Board and the
7	7	issuance of private activity bonds.
8	8	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	9	SECTION 1. Section 1231.062, Government Code, is amended by
10	10	amending Subsection (a) and adding Subsection (d) to read as
11	11	follows:
12	12	(a) Not later than December [October] 31 of each
13	13	even-numbered year, the board shall submit to the legislature a
14	14	statistical report relating to:
15	15	(1) state securities; and
16	16	(2) bonds and other debt obligations issued by local
17	17	governments.
18	18	(d) The board may enter into a contract for the procurement
19	19	of services related to the collection and maintenance of
20	20	information on the indebtedness of local governments and state
21	21	agencies necessary to prepare the statistical report.
22	22	SECTION 2. Subsection (c), Section 1231.063, Government
23	23	Code, is amended to read as follows:
24	24	(c) Not later than February 15 [December 1] of each year,
25	25	the board shall submit the annual study to:
26	26	(1) the governor;
27	27	(2) the comptroller;
28	28	(3) the presiding officer of each house of the
29	29	legislature; and
30	30	(4) the Senate Committee on Finance and House
31	31	Appropriations Committee.
32	32	SECTION 3. The heading to Chapter 1372, Government Code, is
33	33	amended to read as follows:
34	34	CHAPTER 1372. PRIVATE ACTIVITY BONDS AND CERTAIN OTHER BONDS
35	35	SECTION 4. Section 1372.001, Government Code, is amended by
36	36	amending Subdivisions (1) and (2) and adding Subdivisions (1-a),
37	37	(1-b), (4-a), and (8-a) to read as follows:
38	38	(1) "Additional state ceiling" means authorization
39	39	under federal law for the issuance of bonds that are tax-exempt
40	40	private activity bonds subject to the limits imposed by Section
41	41	146, Internal Revenue Code (26 U.S.C. Section 146), in an amount in
42	42	addition to the state ceiling, including the additional tax-exempt
43	43	private activity bonds authorized by Section 3021 of the Housing
44	44	and Economic Recovery Act of 2008 (Pub. L. No. 110-289).
45	45	(1-a) "Applicable official" means the state official
46	46	or state agency designated by federal law to allocate a
47	47	miscellaneous bond ceiling or designate bonds entitled to the
48	48	federal subsidy limited by a miscellaneous bond ceiling or, in the
49	49	absence of designation by federal law, the governor.
50	50	(1-b) "Board" means the Bond Review Board.
51	51	(2) "Bonds" means all obligations, including bonds,
52	52	certificates, or notes, that are:
53	53	(A) authorized to be issued by:
54	54	(i) the constitution or a statute of this
55	55	state; or
56	56	(ii) the charter of a home-rule
57	57	municipality; and
58	58	(B) either:
59	59	(i) subject to the limitations of Section
60	60	146, Internal Revenue Code (26 U.S.C. Section 146); or
61	61	(ii) with respect to Subchapter D,
62	62	otherwise entitled to a federal subsidy only if designated for the
63	63	exemption, credit, or other subsidy, or allocated a portion of a
64	64	limited amount of obligations for which the exemption, credit, or
65	65	other subsidy is authorized, by this state or an applicable
66	66	official or by an issuer to which this state or the applicable
67	67	official has made an allocation, including exemptions, credits, and
68	68	other subsidies authorized by:
69	69	(a) the Heartland Disaster Tax Relief
70	70	Act of 2008 (Pub. L. No. 110-343), regarding Hurricane Ike disaster
71	71	area bonds;
72	72	(b) the American Recovery and
73	73	Reinvestment Act of 2009 (Pub. L. No. 111-5); or
74	74	(c) any other federal law authorizing
75	75	a federal subsidy.
76	76	(4-a) "Federal subsidy" means an exclusion of interest
77	77	on a bond from gross income for federal income tax purposes, a
78	78	federal income tax credit associated with a bond, a direct federal
79	79	subsidy of interest on a bond, or any other federally authorized
80	80	financial benefit associated with a bond.
81	81	(8-a) "Miscellaneous bond ceiling" means the maximum
82	82	amount of bonds of any type that may be issued by issuers in this
83	83	state during a calendar year, or cumulatively, that are entitled to
84	84	a federal subsidy only if designated for the federal subsidy, or
85	85	allocated a portion of a limited amount of bonds other than bonds
86	86	subject to the limits imposed by Section 146, Internal Revenue Code
87	87	(26 U.S.C. Section 146), for which the federal subsidy is
88	88	authorized, by:
89	89	(A) this state or the applicable official; or
90	90	(B) an issuer to which this state or the
91	91	applicable official has made an allocation.
92	92	SECTION 5. Section 1372.002, Government Code, is amended by
93	93	amending Subsection (a) and adding Subsection (e) to read as
94	94	follows:
95	95	(a) For purposes of this chapter, a project is:
96	96	(1) an eligible facility or facilities that are
97	97	proposed to be financed, in whole or in part, by an issue of
98	98	qualified residential rental project bonds;
99	99	(2) in connection with an issue of qualified mortgage
100	100	bonds or qualified student loan bonds, the providing of financial
101	101	assistance to qualified mortgagors or students located in all or
102	102	any part of the jurisdiction of the issuer; or
103	103	(3) an eligible facility or facilities that are [is]
104	104	proposed to be financed, in whole or in part, by an issue of bonds
105	105	other than bonds described by Subdivision (1) or (2).
106	106	(e) For purposes of Subsection (a)(3), and only for
107	107	applications for the financing of sewage facilities, solid waste
108	108	disposal facilities, and qualified hazardous waste facilities, an
109	109	application under this chapter may include multiple facilities in
110	110	multiple jurisdictions. In such an application, the number of
111	111	facilities may be reduced as needed without affecting their status
112	112	as a project for purposes of the application.
113	113	SECTION 6. Subsection (a), Section 1372.006, Government
114	114	Code, is amended to read as follows:
115	115	(a) An application for a reservation under Subchapter B or a
116	116	carryforward designation under Subchapter C must be accompanied by
117	117	a nonrefundable fee in the amount of $500, except that:
118	118	(1) for projects that include multiple facilities
119	119	authorized under Section 1372.002(e), the application must be
120	120	accompanied by a nonrefundable fee in an amount of $500 for each
121	121	facility included in the application for the project; and
122	122	(2) for issuers of qualified residential rental
123	123	project bonds the application must be accompanied by a
124	124	nonrefundable fee of $5,000, of which the board shall retain $1,000
125	125	to offset the costs of the private activity bond allocation program
126	126	and the administration of that program and of which the board shall
127	127	transfer $4,000 through an interagency agreement to the Texas
128	128	Department of Housing and Community Affairs for use in the
129	129	affordable housing research and information program as provided by
130	130	Section 2306.259.
131	131	SECTION 7. Section 1372.022, Government Code, is amended to
132	132	read as follows:
133	133	Sec. 1372.022. AVAILABILITY OF STATE CEILING TO ISSUERS.
134	134	(a) If the state ceiling is computed on the basis of $75 per capita
135	135	or a greater amount, before August 15 of each year:
136	136	(1) 28.0 percent of the state ceiling is available
137	137	exclusively for reservations by issuers of qualified mortgage
138	138	bonds;
139	139	(2) 8 percent of the state ceiling is available
140	140	exclusively for reservations by issuers of state-voted issues;
141	141	(3) 2.0 percent of the state ceiling is available
142	142	exclusively for reservations by issuers of qualified small issue
143	143	bonds and enterprise zone facility bonds;
144	144	(4) 22.0 percent of the state ceiling is available
145	145	exclusively for reservations by issuers of qualified residential
146	146	rental project bonds;
147	147	(5) 10.5 percent of the state ceiling is available
148	148	exclusively for reservations by issuers of qualified student loan
149	149	bonds authorized by Section 53B.47 [53.47], Education Code, that
150	150	are nonprofit corporations able to issue a qualified scholarship
151	151	funding bond as defined by Section 150(d)(2), Internal Revenue Code
152	152	(26 U.S.C. Section 150(d)(2)); and
153	153	(6) 29.5 percent of the state ceiling is available
154	154	exclusively for reservations by any other issuer of bonds that
155	155	require an allocation.
156	156	(b) On and after August 15 [but before September 1], that
157	157	portion of the state ceiling available for reservations becomes
158	158	available for all applications for reservations in the order
159	159	determined by the board by lot. If all applicants for a reservation
160	160	have been offered a portion of the available state ceiling, then the
161	161	board shall grant reservations in the order in which the
162	162	applications for those reservations are received[, subject to
163	163	Section 1372.0321. On and after September 1, that portion of the
164	164	state ceiling available for reservations becomes available to any
165	165	issuer for any bonds that require an allocation, subject to the
166	166	provisions of this subchapter].
167	167	SECTION 8. Section 1372.026, Government Code, is amended to
168	168	read as follows:
169	169	Sec. 1372.026. LIMITATION ON AMOUNT OF STATE CEILING
170	170	AVAILABLE TO HOUSING FINANCE CORPORATIONS. (a) The maximum amount
171	171	of the state ceiling that may be reserved before August 15 by a
172	172	housing finance corporation for the issuance of qualified mortgage
173	173	bonds may not exceed the amount computed as follows:
174	174	(1) if the local population of the housing finance
175	175	corporation is 300,000 or more, $36 [$22.5] million plus the
176	176	product of the amount by which the local population exceeds 300,000
177	177	multiplied by $40 [$11.25];
178	178	(2) if the local population of the housing finance
179	179	corporation is 200,000 or more but less than 300,000, $32 [$20]
180	180	million plus the product of the amount by which the local population
181	181	exceeds 200,000 multiplied by $40 [$22.5];
182	182	(3) if the local population of the housing finance
183	183	corporation is 100,000 or more but less than 200,000, $24 [$15]
184	184	million plus the product of the amount by which the local population
185	185	exceeds 100,000 multiplied by $80 [$50]; or
186	186	(4) if the local population of the housing finance
187	187	corporation is less than 100,000, the product of the local
188	188	population multiplied by $240 [$150].
189	189	(b) A housing finance corporation may not receive an
190	190	allocation for the issuance of qualified mortgage bonds in an
191	191	amount that exceeds $40 [$25] million.
192	192	(c) For purposes of this section, the local population of a
193	193	housing finance corporation is the population of the local
194	194	government or local governments on whose behalf a housing finance
195	195	corporation is created. If two local governments that have a
196	196	population of at least 50,000 [20,000] each and that have
197	197	overlapping territory have created housing finance corporations
198	198	that have the power to issue bonds to provide financing for home
199	199	mortgages, the population of the housing finance corporation
200	200	created on behalf of the larger local government is computed by
201	201	subtracting from the population of the larger local government the
202	202	population of the part of the smaller local government that is
203	203	located in the larger local government. The reduction of
204	204	population provided by this subsection is not required if the
205	205	smaller local government assigns its authority to issue bonds,
206	206	based on its population, to the larger local government.
207	207	SECTION 9. Section 1372.0261, Government Code, is amended
208	208	by amending Subsections (c) and (d) and adding Subsections (e),
209	209	(f), and (g) to read as follows:
210	210	(c) If a housing finance corporation's utilization
211	211	percentage is less than 80 [95] percent but at least 25 percent, the
212	212	next time the corporation becomes eligible for a reservation of the
213	213	state ceiling, the maximum amount of the state ceiling that may be
214	214	reserved for the corporation is equal to the amount for which the
215	215	corporation would otherwise be eligible under Section 1372.026
216	216	multiplied by the utilization percentage of the corporation's last
217	217	bond issue that used an allocation of the state ceiling.
218	218	(d) A housing finance corporation may not be penalized under
219	219	Subsection (c) if:
220	220	(1) the corporation fails to use:
221	221	(A) bond proceeds recycled from previous
222	222	allocations of the state ceiling; or
223	223	(B) taxable bond proceeds; or
224	224	(2) as the result of an issuance of bonds, the
225	225	corporation's utilization percentage is 80 [95] percent or greater.
226	226	(e) If a housing finance corporation's utilization
227	227	percentage is less than 25 percent, the next time the corporation
228	228	becomes eligible for a reservation of the state ceiling, the
229	229	maximum amount of the state ceiling that may be reserved for the
230	230	corporation is equal to the amount for which the corporation would
231	231	otherwise be eligible under Section 1372.026 multiplied by 25
232	232	percent.
233	233	(f) A housing finance corporation may not be penalized under
234	234	Subsection (c) in a program year if, by December 31 of the preceding
235	235	program year, an amount equal to or less than 50 percent of the
236	236	aggregate state ceiling available for reservations by issuers of
237	237	qualified mortgage bonds under Section 1372.022(a)(1):
238	238	(1) has been used in connection with bond issues that
239	239	have closed on or before that date; or
240	240	(2) has had carryforward elections filed on or before
241	241	that date.
242	242	(g) An issuer that has carryforward available from the state
243	243	ceiling created by the Housing and Economic Recovery Act of 2008
244	244	(Pub. L. No. 110-289) is not restricted by project limits for the
245	245	state ceiling. An issuer who uses the carryforward to issue
246	246	qualified mortgage bonds or mortgage credit certificates is not
247	247	subject to the utilization percentage calculation in determining
248	248	the amount of the issuer's reservation request.
249	249	SECTION 10. Subsection (b), Section 1372.028, Government
250	250	Code, is amended to read as follows:
251	251	(b) An issuer may apply for a reservation for a program year
252	252	not earlier than October 5 of the preceding year. An issuer may not
253	253	submit an application for a program year after November 15
254	254	[December 1] of that year.
255	255	SECTION 11. Subsection (a), Section 1372.035, Government
256	256	Code, is amended to read as follows:
257	257	(a) The board may not grant a reservation of a portion of the
258	258	state ceiling for a program year before January 2 or after November
259	259	15 [December 1] of that year.
260	260	SECTION 12. Subsection (a), Section 1372.037, Government
261	261	Code, is amended to read as follows:
262	262	(a) Except as provided by Subsection (b), before August 15
263	263	the board may not grant for any single project a reservation for
264	264	that year that is greater than:
265	265	(1) $40 [$25] million, if the issuer is an issuer of
266	266	qualified mortgage bonds, other than the Texas Department of
267	267	Housing and Community Affairs or the Texas State Affordable Housing
268	268	Corporation;
269	269	(2) $50 million, if the issuer is an issuer of a
270	270	state-voted issue, other than the Texas Higher Education
271	271	Coordinating Board, or $75 million, if the issuer is the Texas
272	272	Higher Education Coordinating Board;
273	273	(3) the amount to which the Internal Revenue Code
274	274	limits issuers of qualified small issue bonds and enterprise zone
275	275	facility bonds, if the issuer is an issuer of those bonds;
276	276	(4) the lesser of $20 [$15] million or 15 percent of
277	277	the amount set aside for reservation by issuers of qualified
278	278	residential rental project bonds, if the issuer is an issuer of
279	279	those bonds;
280	280	(5) the amount as prescribed in Sections 1372.033(d),
281	281	(e), and (f), if the issuer is an issuer authorized by Section
282	282	53B.47 [53.47], Education Code, to issue qualified student loan
283	283	bonds; or
284	284	(6) $50 million, if the issuer is any other issuer of
285	285	bonds that require an allocation.
286	286	SECTION 13. Section 1372.042, Government Code, is amended
287	287	by adding Subsection (e) to read as follows:
288	288	(e) In addition to any other fees required by this chapter,
289	289	an issuer shall submit to the board a nonrefundable fee in the
290	290	amount of $500 before receiving a carryforward designation under
291	291	Subsection (c).
292	292	SECTION 14. Subchapter B, Chapter 1372, Government Code, is
293	293	amended by adding Section 1372.045 to read as follows:
294	294	Sec. 1372.045. RESERVATION, ALLOCATION, AND CARRYFORWARD
295	295	DESIGNATION BY BOARD OF ADDITIONAL STATE CEILING. (a) The board
296	296	is authorized to establish and administer programs for the
297	297	reservation, allocation, and carryforward designation of
298	298	additional state ceiling in accordance with the federal law that
299	299	establishes the additional state ceiling and, to the extent
300	300	consistent with the federal law, as the board determines will
301	301	achieve the purposes for which the additional state ceiling is
302	302	authorized by federal law.
303	303	(b) The board may adopt rules and procedures the board
304	304	considers necessary to effectively administer programs authorized
305	305	under this section.
306	306	(c) The board may prescribe forms and applications as needed
307	307	to effectively implement and administer programs authorized under
308	308	this section.
309	309	(d) The board may adopt emergency rules in connection with
310	310	the programs authorized under this section when the board
311	311	determines that the emergency rules are necessary for the state to
312	312	obtain the full benefits of the additional state ceiling.
313	313	SECTION 15. Subchapter C, Chapter 1372, Government Code, is
314	314	amended by adding Section 1372.073 to read as follows:
315	315	Sec. 1372.073. DESIGNATION BY BOARD OF UNENCUMBERED STATE
316	316	CEILING. Notwithstanding any other provision of this chapter, the
317	317	board on the last business day of the year may assign as
318	318	carryforward to state agencies at their request and in the order
319	319	received any state ceiling that is not reserved or designated as
320	320	carryforward and for which no application for carryforward is
321	321	pending.
322	322	SECTION 16. Chapter 1372, Government Code, is amended by
323	323	adding Subchapter D to read as follows:
324	324	SUBCHAPTER D. ALLOCATION OF MISCELLANEOUS BOND CEILING
325	325	Sec. 1372.101. PROGRAM ADMINISTRATION. (a) The
326	326	applicable official may designate bonds as entitled to a portion of
327	327	a miscellaneous bond ceiling or allocate a portion of a
328	328	miscellaneous bond ceiling to an issuer of bonds:
329	329	(1) in accordance with the federal law that
330	330	establishes the federal subsidy for which the miscellaneous bond
331	331	ceiling is established; and
332	332	(2) to the extent consistent with the federal law, as
333	333	the applicable official determines will achieve the purposes for
334	334	which the federal subsidy is authorized by federal law.
335	335	(b) The board is authorized to administer programs
336	336	established by the applicable official for the allocation of a
337	337	miscellaneous bond ceiling or the designation of bonds entitled to
338	338	the federal subsidy limited by a miscellaneous bond ceiling.
339	339	Sec. 1372.102. RULES AND PROCEDURES. (a) Unless otherwise
340	340	provided by law, the board may adopt rules and procedures the board
341	341	considers necessary to effectively administer programs established
342	342	by the applicable official for allocation of a miscellaneous bond
343	343	ceiling or for designating bonds as entitled to the federal subsidy
344	344	limited by the miscellaneous bond ceiling.
345	345	(b) The board may adopt emergency rules in connection with
346	346	the programs described in Subsection (a) when the board determines
347	347	that the emergency rules are necessary for the state to obtain the
348	348	full benefits of the federal subsidy that is limited by the
349	349	miscellaneous bond ceiling.
350	350	(c) The board may prescribe forms and applications as needed
351	351	to effectively implement and administer programs described in
352	352	Subsection (a).
353	353	(d) This section does not prevent an applicable official
354	354	from adopting rules and procedures in connection with the
355	355	allocations and designations when required by federal or state law
356	356	or from administering a program independently of the board.
357	357	Sec. 1372.103. APPLICATION FEES. In connection with
358	358	programs established by the applicable official for the allocation
359	359	of a miscellaneous bond ceiling or the designation of bonds
360	360	entitled to the federal subsidy limited by a miscellaneous bond
361	361	ceiling, the board may charge an application fee for each
362	362	application it receives under this subchapter.
363	363	SECTION 17. Section 1372.0235, Government Code, is
364	364	repealed.
365	365	SECTION 18. Subsection (a), Section 2306.6703, Government
366	366	Code, is amended to read as follows:
367	367	(a) An application is ineligible for consideration under
368	368	the low income housing tax credit program if:
369	369	(1) at the time of application or at any time during
370	370	the two-year period preceding the date the application round
371	371	begins, the applicant or a related party is or has been:
372	372	(A) a member of the board; or
373	373	(B) the director, a deputy director, the director
374	374	of housing programs, the director of compliance, the director of
375	375	underwriting, or the low income housing tax credit program manager
376	376	employed by the department;
377	377	(2) the applicant proposes to replace in less than 15
378	378	years any private activity bond financing of the development
379	379	described by the application, unless:
380	380	(A) at least one-third of all the units in the
381	381	development are public housing units or Section 8 project-based
382	382	units and the applicant proposes to maintain for a period of 30
383	383	years or more 100 percent of the [development] units supported by
384	384	housing tax credits as rent-restricted and exclusively for
385	385	occupancy by individuals and families earning not more than 50
386	386	percent of the area median income, adjusted for family size[; and
387	387	[(B) at least one-third of all the units in the
388	388	development are public housing units or Section 8 project-based
389	389	units];
390	390	(B) the applicable private activity bonds will be
391	391	redeemed only in an amount consistent with their proportionate
392	392	amortization; or
393	393	(C) if the redemption of the applicable private
394	394	activity bonds will occur in the first five years of the operation
395	395	of the development and complies with Section 42(h)(4), Internal
396	396	Revenue Code of 1986:
397	397	(i) on the date the certificate of
398	398	reservation is issued, the Bond Review Board determines that there
399	399	is not a waiting list for private activity bonds in the same
400	400	priority level established under Section 1372.0321 or, if
401	401	applicable, in the same uniform state service region, as referenced
402	402	in Section 1372.0231, that is served by the proposed development;
403	403	and
404	404	(ii) the applicable private activity bonds
405	405	will be redeemed according to underwriting criteria, if any,
406	406	established by the department;
407	407	(3) the applicant proposes to construct a new
408	408	development that is located one linear mile or less from a
409	409	development that:
410	410	(A) serves the same type of household as the new
411	411	development, regardless of whether the developments serve
412	412	families, elderly individuals, or another type of household;
413	413	(B) has received an allocation of housing tax
414	414	credits for new construction at any time during the three-year
415	415	period preceding the date the application round begins; and
416	416	(C) has not been withdrawn or terminated from the
417	417	low income housing tax credit program; or
418	418	(4) the development is located in a municipality or,
419	419	if located outside a municipality, a county that has more than twice
420	420	the state average of units per capita supported by housing tax
421	421	credits or private activity bonds, unless the applicant:
422	422	(A) has obtained prior approval of the
423	423	development from the governing body of the appropriate municipality
424	424	or county containing the development; and
425	425	(B) has included in the application a written
426	426	statement of support from that governing body referencing this
427	427	section and authorizing an allocation of housing tax credits for
428	428	the development.
429	429	SECTION 19. (a) In this section, "additional state
430	430	ceiling," "applicable official," and "miscellaneous bond ceiling"
431	431	have the meanings assigned by Section 1372.001, Government Code, as
432	432	amended by this Act.
433	433	(b) All reservations, allocations, and carryforward
434	434	designations by the Bond Review Board of additional state ceiling
435	435	authorized by Section 3021 of the Housing and Economic Recovery Act
436	436	of 2008 (Pub. L. No. 110-289), and by applicable officials of
437	437	miscellaneous bond ceiling authorized by the Heartland Disaster Tax
438	438	Relief Act of 2008 (Pub. L. No. 110-343), regarding Hurricane Ike
439	439	disaster area bonds, or by the American Recovery and Reinvestment
440	440	Act of 2009 (Pub. L. No. 111-5), before the effective date of this
441	441	Act are validated.
442	442	(c) An issuer that has carryforward available from
443	443	additional state ceiling authorized by the Housing and Economic
444	444	Recovery Act of 2008 (Pub. L. No. 110-289) is not restricted by the
445	445	project limits for the state ceiling established by Chapter 1372,
446	446	Government Code. An issuer that uses the carryforward to issue
447	447	qualified mortgage bonds or mortgage credit certificates is not
448	448	subject to the utilization percentage calculation established by
449	449	Chapter 1372, Government Code, in determining the amount of the
450	450	issuer's reservation request.
451	451	SECTION 20. This Act takes effect immediately if it
452	452	receives a vote of two-thirds of all the members elected to each
453	453	house, as provided by Section 39, Article III, Texas Constitution.
454	454	If this Act does not receive the vote necessary for immediate
455	455	effect, this Act takes effect September 1, 2009.
456	456	______________________________ ______________________________
457	457	President of the Senate Speaker of the House
458	458	I hereby certify that S.B. No. 2064 passed the Senate on
459	459	May 7, 2009, by the following vote: Yeas 31, Nays 0; and that the
460	460	Senate concurred in House amendment on May 30, 2009, by the
461	461	following vote: Yeas 31, Nays 0.
462	462	______________________________
463	463	Secretary of the Senate
464	464	I hereby certify that S.B. No. 2064 passed the House, with
465	465	amendment, on May 27, 2009, by the following vote: Yeas 146,
466	466	Nays 2, one present not voting.
467	467	______________________________
468	468	Chief Clerk of the House
469	469	Approved:
470	470	______________________________
471	471	Date
472	472	______________________________
473	473	Governor