SB1953sam002 98TH GENERAL ASSEMBLY

Sen. Terry Link

Filed: 3/19/2013

09800SB1953sam002 LRB098 05516 HLH 43185 a

AMENDMENT TO SENATE BILL 1953

AMENDMENT NO. ______. Amend Senate Bill 1953, AS AMENDED, with reference to page and line numbers of Senate Amendment No. 1, on page 2, by replacing lines 17 through 20 with the following:

"(b) For naval training facilities, naval bases, and naval support facilities, "net "Net operating income" means all revenues received minus the lesser of (i) 62% 42% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization. For all other military training facilities, military bases, and related military support facilities, "net operating income" means all revenues received minus the lesser of (i) 42% of all revenues or (ii) actual expenses before interest, taxes, depreciation, and amortization.".