Senator Jerry W. Stevenson
proposes the following amendments:
1. Page
27, Line 828 through Page 28, Line 850
:
828
(g) accept a grant, contribution, or loan, directly through the sale of securities or
829
equipment trust certificates or otherwise, from the United States, or from a department,
830
instrumentality, or agency of the United States
{
, to:
}
;
831
{
(i) sell or lease property;
832
(ii) assist in or operate transit-oriented or transit-supportive developments;
833
[(i)] (iii) establish, finance, participate as a limited partner or member in a development
834
with limited liabilities in accordance with Subsection (1)(l), construct, improve, maintain, or
835
operate transit facilities, equipment, and transit-oriented developments or transit-supportive
836
developments; or
837
[(ii)] (iv)
}
(h)
study and plan transit facilities in accordance with any legislation passed by
838
Congress;
839
{
(h)
}
(i)
cooperate with and enter into an agreement with the state or an agency of the state
840
or otherwise contract to finance to establish transit facilities and equipment or to study or plan
841
transit facilities;
842
{
(i)
}
(j)
issue bonds as provided in and subject to Chapter 1, Part 11, Local District Bonds,
843
to carry out the purposes of the district;
844
{
(j)
}
(k)
from bond proceeds or any other available funds, reimburse the state or an agency of
845
the state for an advance or contribution from the state or state agency;
846
{
(k)
}
(l)
do anything necessary to avail itself of any aid, assistance, or cooperation available
847
under federal law, including complying with labor standards and making arrangements for
848
employees required by the United States or a department, instrumentality, or agency of the
849
United States;
{
and
}
(m) sell or lease property;
(n) assist in or operate transit-oriented or transit-supportive developments;
(o) establish, finance, participate as a limited partner or member in a development with limited
liabilities in accordance with Subsection (1)(p), construct, improve, maintain, or operate transit
facilities, equipment, and transit-oriented developments or transit-supportive developments; and
850
{
(l)
}
(p)
subject to the restriction in Subsection (2), assist in a transit-oriented development
2. Page
28, Lines 857 through 860
:
857
(2) (a) A public transit district may only assist in the economic development of areas
858
under Subsection (1)
{
(l)
}
(p)
:
859
(i) in the manner described in Subsection (1)
{
(l)
}
(p)
(i) or (ii); and
860
(ii) on
{
[
} no more than {
five
}
10
{
]
}
transit-oriented developments or
transit-supportive
3. Page
29, Line 864
:
864
provisions of Subsection (1)
{
(l)
}
(p)
(i), unless the partners, developer, or other investor in the entity,
4. Page
29, Line 869
:
869
pursuant to Subsection (1)
{
(l)
}
(p)
(i) or (ii), except as may be required by the board member's