(Doc Name h:\legwork\house\amend\h-wm\007\sled lab ds.docx):
EXPLANATION: Allocates $54M to SLED for a new forensics lab from excess debt service funds.
Amend the bill, as and if amended, Part IB, Section 112, DEBT
SERVICE, page 458, paragraph 112.1, lines 11 - 14, by striking
the proviso in its entirety and inserting:/112.1.
(DS: Excess Debt Service) The State Treasurer shall
transfer, from debt service that exceeds the principal and
interest due in the current fiscal year, $54,078,993 to the
State Law Enforcement Division for the Forensic Laboratory
Building. Any additional excess debt service funds
from available in Fiscal Year
2016-17 2018-19 must
may be carried forward and
expended in Fiscal Year 2017-18 expended in the
fiscal year to pay down general obligation bond debt for
which the State (1) is paying the highest rate of interest, (2)
will achieve relief in constrained debt capacity, or (3) reduce
the amount of debt issued./
Renumber sections to conform.
Amend totals and titles to conform.