Rep. KING proposes the following Amendment No. to H.4950 as passed by the House of Representatives
(Doc Name COUNCIL\AHB\4950C002.BBM.AHB18.DOCX):

EXPLANATION:

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, $5,000,000 TO The Department of Parks, Recreation, and Tourism for the International African-American Museum in Charleston County. 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.