S.B.
152
CHARTER SCHOOL FINANCING
Senate Committee
Amendments
Amendment 1 February 1, 2012 5:38 PM
Senator John L. Valentine proposes the following amendments:
1. Page 10, Line 290 :
290 (e) any other criteria the authority determines
{
is
}
are
relevant.
2. Page 11, Lines 309 through 315 :
309 reserve fund requirement if
the money is withdrawn for the purpose of
:
310 (i)
{
the money is withdrawn for the purpose of
}
paying the principal of, redemption price
311 of, or interest on a bond when due and if no other money of the qualifying charter school is
312 available to make the payment, as determined by the authority; or
313 (ii)
{
the payment of
}
paying
any redemption premium required to be paid when the bonds
are
314 redeemed prior to maturity if no bonds will remain outstanding upon payment from the funds
315 in the qualifying charter school's debt service reserve fund.
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