AMENDMENT FOR HOUSE STATE AFFAIRS COMMITTEE ENGROSSED BILL
1142oa

___________________ moved that HB 1142 be amended as follows:


    On page 1, line 7, of the House State Affairs Committee engrossed bill, after "institute" insert "and other career and technical education purposes".

    On page 2, line 1, after "institute" insert "and other career and technical education purposes".

    On page 2, line 10, after "institute" insert "and other career and technical education purposes".

    On page 3, line 3, after "LEA" insert ", which shall be an LEA and a public body under chapter 1-16A. Upon establishment of such a separate LEA, the school district shall assign to, and the newly established separate LEA shall expressly assume, all rights, covenants and obligations of the school district in connection with any lease purchase agreement or sublease authorized under §§ 13-39-66 to 13-39-71, inclusive, and any and all instruments and other agreements related thereto".

    On page 3, delete line 5, and insert "in excess of nineteen million four hundred twenty-four thousand five hundred eighty-six dollars available as a result of the".

    On page 4, after line 2, insert:

"    Section 12. That § 1-16A-95 be amended to read as follows:

    1-16A-95. Beginning on July 1, 2013, the issuance of any additional bonds, notes, or other obligations of the authority which are payable out of receipts, rentals, and other payments made pursuant to lease purchase agreements with the Western Dakota Technical Institute, the Southeast Technical Institute, the Lake Area Technical Institute, the Mitchell Technical Institute, or the South Dakota Board of Education under the authority of chapter 13-39 shall be approved by the Legislature before issuance. This requirement, however, does not apply to the issuance of bonds for the purposes of refinancing or refunding existing bonds, notes, or other obligations.

    Section 13. Whereas, this Act is necessary for the support of the state government and its existing public institutions, an emergency is hereby declared to exist, and this Act shall be in full force and effect from and after its passage and approval.".