SF0001S3014

This amendment creates a new borrowing authority for the state loan and investment board to borrow up to $10 million from the legislative stabilization reserve account for emergency grants to local governments.

• Modifies the section reference on page 68, line 2 to indicate that Section 301(b) is being amended and a new subsection (c) is being created. (Page 68, lines 1-2)
• Creates new subsection 301(c) authorizing the state loan and investment board to borrow up to $10,000,000 from the legislative stabilization reserve account for grants to incorporated cities and towns, counties, and special districts to address emergency situations that pose a direct and immediate threat to health, safety, or welfare as defined in W.S. 9-4-604(a)(i). Requires the office of state lands and investments to report immediately to the joint appropriations committee, senate president, and house speaker upon exercise of this authority. (Page 69, lines 4-15)

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