093_SB0226sam001
LRB093 02039 SJM 13052 a
1 AMENDMENT TO SENATE BILL 226
2 AMENDMENT NO. . Amend Senate Bill 226, on page 1,
3 line 8, after "is", by inserting "more than 60 days"; and
4 on page 1, line 17, after the period, by inserting the
5 following:
6 "The vendor's debt service costs can be no greater than the
7 prime rate less any interest penalties the State is required
8 to make to the vendor under other provisions of this Act. For
9 purposes of this Section, "prime rate" means the prime rate
10 as from time to time is publicly announced by the largest
11 commercial banking institution in this State, measured in
12 terms of total assets.".