February 6, 1998



Mr. President:

    The Revenue and Taxation Committee reports a favorable recommendation on S.B. 41, WATER CONSERVANCY DISTRICTS TAXING AUTHORITY, by Senator M. Waddoups, with the following amendments:
1.     Page 1, Lines 8 - 9:        Delete "REPEALING AUTHORIZATION TO IMPOSE ADDITIONAL TAXES AND ASSESSMENTS;

2.     Page 1, Lines 13 -14:        Delete Lines 13 and 14.

3.    Page 2, Line 10:    After "maximum of" insert ": (A)" and reinstate ".0004" and then insert "per dollar of taxable value of taxable property within the district, for each district that is located in more than one county and that has incurred an obligation to repay funds that the federal government has advanced to the district; or
        (B)"


4.    Page 2, Line 11:    After "[; and]," delete "except as provided" and insert "for each other district."

5.     Page 2, Line 12:    Delete Line 12

6.     Page 2, Line 15:    After "(b)" delete "If" and insert "Notwithstanding Subsection (2)(a)(ii), if"

7.     Page 2, Lines 27 - 29:    Delete Lines 27 -29.

        Respectfully,



        Howard Nielson
        Committee Chair



Voting: 6-1-1
3 SB0041.SC1 nwoodhea/OWA RHR/JTW 10:17 AM