Full Text of SB0642 96th General Assembly
SB0642ham001 96TH GENERAL ASSEMBLY
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Rep. John E. Bradley
Filed: 3/23/2010
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09600SB0642ham001 |
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LRB096 06697 NHT 39509 a |
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| AMENDMENT TO SENATE BILL 642
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| AMENDMENT NO. ______. Amend Senate Bill 642 on page 9, line | 3 |
| 17, after " submitted ", by inserting " for State fiscal year | 4 |
| 2010 "; and
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| on page 10, lines 17 and 18, by replacing " the maximum rate | 6 |
| authorized by the Bond Authorization Act " with " 3.5% per | 7 |
| annum "; and | 8 |
| on page 11, immediately below line 9, by inserting the | 9 |
| following: | 10 |
| " (d) If the Board of Trustees elects to borrow money | 11 |
| pursuant to subsection (c) of this Section, the President of | 12 |
| the University shall, following consultation with the Board of | 13 |
| Trustees, within 15 days after the issuance of the bonds, | 14 |
| submit a backlog bill payment plan to the Governor's Office of | 15 |
| Management and Budget. No funds derived from the issuance of | 16 |
| the bonds may be expended in part or in whole until and unless |
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09600SB0642ham001 |
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LRB096 06697 NHT 39509 a |
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| the Director of the Governor's Office of Management and Budget | 2 |
| gives written approval of the backlog bill payment plan to the | 3 |
| University. Upon receipt of a backlog bill payment plan, the | 4 |
| Governor's Office of Management and Budget must communicate its | 5 |
| written approval or disapproval, as the case may be, within 10 | 6 |
| days. | 7 |
| The Board of Trustees must ensure that all payments | 8 |
| specified in the backlog bill payment plan are paid according | 9 |
| to the schedule set forth in the backlog bill payment plan. | 10 |
| For purposes of this subsection (d), "backlog bill payment | 11 |
| plan" means a schedule by which a university borrowing money | 12 |
| pursuant to subsection (c) of this Section will pay vendors who | 13 |
| have vouchers representing payments past due by more than 30 | 14 |
| days. "; and | 15 |
| on page 17, line 18, after " submitted ", by inserting " for State | 16 |
| fiscal year 2010 "; and | 17 |
| on page 18, lines 19 and 20, by replacing " the maximum rate | 18 |
| authorized by the Bond Authorization Act " with " 3.5% per | 19 |
| annum "; and | 20 |
| on page 19, immediately below line 12, by inserting the | 21 |
| following: | 22 |
| " 14. If the Board elects to borrow money pursuant to | 23 |
| item 13 of this Section, the President of the University |
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09600SB0642ham001 |
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LRB096 06697 NHT 39509 a |
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| shall, following consultation with the Board, within 15 | 2 |
| days after the issuance of the bonds, submit a backlog bill | 3 |
| payment plan to the Governor's Office of Management and | 4 |
| Budget. No funds derived from the issuance of the bonds may | 5 |
| be expended in part or in whole until and unless the | 6 |
| Director of the Governor's Office of Management and Budget | 7 |
| gives written approval of the backlog bill payment plan to | 8 |
| the University. Upon receipt of a backlog bill payment | 9 |
| plan, the Governor's Office of Management and Budget must | 10 |
| communicate its written approval or disapproval, as the | 11 |
| case may be, within 10 days. | 12 |
| The Board must ensure that all payments specified in | 13 |
| the backlog bill payment plan are paid according to the | 14 |
| schedule set forth in the backlog bill payment plan. | 15 |
| For purposes of this item 14, "backlog bill payment | 16 |
| plan" means a schedule by which a university borrowing | 17 |
| money pursuant to item 13 of this Section will pay vendors | 18 |
| who have vouchers representing payments past due by more | 19 |
| than 30 days. "; and
| 20 |
| on page 24, line 23, after " submitted ", by inserting " for State | 21 |
| fiscal year 2010 "; and | 22 |
| on page 25, lines 23 and 24, by replacing " the maximum rate | 23 |
| authorized by the Bond Authorization Act " with " 3.5% per | 24 |
| annum "; and |
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09600SB0642ham001 |
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LRB096 06697 NHT 39509 a |
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| on page 26, immediately below line 14, by inserting the | 2 |
| following: | 3 |
| " (14) If the Board elects to borrow money pursuant to item | 4 |
| (13) of this Section, the President of the University shall, | 5 |
| following consultation with the Board, within 15 days after the | 6 |
| issuance of the bonds, submit a backlog bill payment plan to | 7 |
| the Governor's Office of Management and Budget. No funds | 8 |
| derived from the issuance of the bonds may be expended in part | 9 |
| or in whole until and unless the Director of the Governor's | 10 |
| Office of Management and Budget gives written approval of the | 11 |
| backlog bill payment plan to the University. Upon receipt of a | 12 |
| backlog bill payment plan, the Governor's Office of Management | 13 |
| and Budget must communicate its written approval or | 14 |
| disapproval, as the case may be, within 10 days. | 15 |
| The Board must ensure that all payments specified in the | 16 |
| backlog bill payment plan are paid according to the schedule | 17 |
| set forth in the backlog bill payment plan. | 18 |
| For purposes of this item (14), "backlog bill payment plan" | 19 |
| means a schedule by which a university borrowing money pursuant | 20 |
| to item (13) of this Section will pay vendors who have vouchers | 21 |
| representing payments past due by more than 30 days. "; and
| 22 |
| on page 30, line 26, after " submitted ", by inserting " for State | 23 |
| fiscal year 2010 "; and |
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09600SB0642ham001 |
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LRB096 06697 NHT 39509 a |
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| on page 32, lines 1 and 2, by replacing " the maximum rate | 2 |
| authorized by the Bond Authorization Act " with " 3.5% per | 3 |
| annum "; and | 4 |
| on page 32, immediately below line 20, by inserting the | 5 |
| following: | 6 |
| " (13) If the Board elects to borrow money pursuant to | 7 |
| item (12) of this Section, the President of the University | 8 |
| shall, following consultation with the Board, within 15 | 9 |
| days after the issuance of the bonds, submit a backlog bill | 10 |
| payment plan to the Governor's Office of Management and | 11 |
| Budget. No funds derived from the issuance of the bonds may | 12 |
| be expended in part or in whole until and unless the | 13 |
| Director of the Governor's Office of Management and Budget | 14 |
| gives written approval of the backlog bill payment plan to | 15 |
| the University. Upon receipt of a backlog bill payment | 16 |
| plan, the Governor's Office of Management and Budget must | 17 |
| communicate its written approval or disapproval, as the | 18 |
| case may be, within 10 days. | 19 |
| The Board must ensure that all payments specified in | 20 |
| the backlog bill payment plan are paid according to the | 21 |
| schedule set forth in the backlog bill payment plan. | 22 |
| For purposes of this item (13), "backlog bill payment | 23 |
| plan" means a schedule by which a university borrowing | 24 |
| money pursuant to item (12) of this subsection (a) will pay | 25 |
| vendors who have vouchers representing payments past due by |
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09600SB0642ham001 |
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LRB096 06697 NHT 39509 a |
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| more than 30 days. "; and
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| on page 40, line 1, after " submitted ", by inserting " for State | 3 |
| fiscal year 2010 "; and | 4 |
| on page 41, lines 1 and 2, by replacing " the maximum rate | 5 |
| authorized by the Bond Authorization Act " with " 3.5% per | 6 |
| annum "; and | 7 |
| on page 41, immediately below line 18, by inserting the | 8 |
| following: | 9 |
| " (14) If the Board elects to borrow money pursuant to item | 10 |
| (13) of this Section, the President of the University shall, | 11 |
| following consultation with the Board, within 15 days after the | 12 |
| issuance of the bonds, submit a backlog bill payment plan to | 13 |
| the Governor's Office of Management and Budget. No funds | 14 |
| derived from the issuance of the bonds may be expended in part | 15 |
| or in whole until and unless the Director of the Governor's | 16 |
| Office of Management and Budget gives written approval of the | 17 |
| backlog bill payment plan to the University. Upon receipt of a | 18 |
| backlog bill payment plan, the Governor's Office of Management | 19 |
| and Budget must communicate its written approval or | 20 |
| disapproval, as the case may be, within 10 days. | 21 |
| The Board must ensure that all payments specified in the | 22 |
| backlog bill payment plan are paid according to the schedule | 23 |
| set forth in the backlog bill payment plan. |
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09600SB0642ham001 |
- 7 - |
LRB096 06697 NHT 39509 a |
|
| 1 |
| For purposes of this item (14), "backlog bill payment plan" | 2 |
| means a schedule by which a university borrowing money pursuant | 3 |
| to item (13) of this Section will pay vendors who have vouchers | 4 |
| representing payments past due by more than 30 days. "; and
| 5 |
| on page 49, line 4, after " submitted ", by inserting " for State | 6 |
| fiscal year 2010 "; and | 7 |
| on page 50, lines 4 and 5, by replacing " the maximum rate | 8 |
| authorized by the Bond Authorization Act " with " 3.5% per | 9 |
| annum "; and | 10 |
| on page 50, immediately below line 21, by inserting the | 11 |
| following: | 12 |
| " (15) If the Board elects to borrow money pursuant to item | 13 |
| (14) of this Section, the President of the University shall, | 14 |
| following consultation with the Board, within 15 days after the | 15 |
| issuance of the bonds, submit a backlog bill payment plan to | 16 |
| the Governor's Office of Management and Budget. No funds | 17 |
| derived from the issuance of the bonds may be expended in part | 18 |
| or in whole until and unless the Director of the Governor's | 19 |
| Office of Management and Budget gives written approval of the | 20 |
| backlog bill payment plan to the University. Upon receipt of a | 21 |
| backlog bill payment plan, the Governor's Office of Management | 22 |
| and Budget must communicate its written approval or | 23 |
| disapproval, as the case may be, within 10 days. |
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09600SB0642ham001 |
- 8 - |
LRB096 06697 NHT 39509 a |
|
| 1 |
| The Board must ensure that all payments specified in the | 2 |
| backlog bill payment plan are paid according to the schedule | 3 |
| set forth in the backlog bill payment plan. | 4 |
| For purposes of this item (15), "backlog bill payment plan" | 5 |
| means a schedule by which a university borrowing money pursuant | 6 |
| to item (14) of this Section will pay vendors who have vouchers | 7 |
| representing payments past due by more than 30 days. "; and
| 8 |
| on page 56, line 8, after " submitted ", by inserting " for State | 9 |
| fiscal year 2010 "; and | 10 |
| on page 57, lines 8 and 9, by replacing " the maximum rate | 11 |
| authorized by the Bond Authorization Act " with " 3.5% per | 12 |
| annum "; and | 13 |
| on page 57, immediately below line 25, by inserting the | 14 |
| following: | 15 |
| " (14) If the Board elects to borrow money pursuant to item | 16 |
| (13) of this Section, the President of the University shall, | 17 |
| following consultation with the Board, within 15 days after the | 18 |
| issuance of the bonds, submit a backlog bill payment plan to | 19 |
| the Governor's Office of Management and Budget. No funds | 20 |
| derived from the issuance of the bonds may be expended in part | 21 |
| or in whole until and unless the Director of the Governor's | 22 |
| Office of Management and Budget gives written approval of the | 23 |
| backlog bill payment plan to the University. Upon receipt of a |
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09600SB0642ham001 |
- 9 - |
LRB096 06697 NHT 39509 a |
|
| 1 |
| backlog bill payment plan, the Governor's Office of Management | 2 |
| and Budget must communicate its written approval or | 3 |
| disapproval, as the case may be, within 10 days. | 4 |
| The Board must ensure that all payments specified in the | 5 |
| backlog bill payment plan are paid according to the schedule | 6 |
| set forth in the backlog bill payment plan. | 7 |
| For purposes of this item (14), "backlog bill payment plan" | 8 |
| means a schedule by which a university borrowing money pursuant | 9 |
| to item (13) of this Section will pay vendors who have vouchers | 10 |
| representing payments past due by more than 30 days. "; and | 11 |
| on page 66, line 6, after " submitted ", by inserting " for State | 12 |
| fiscal year 2010 "; and | 13 |
| on page 67, lines 6 and 7, by replacing " the maximum rate | 14 |
| authorized by the Bond Authorization Act " with " 3.5% per | 15 |
| annum "; and | 16 |
| on page 67, immediately below line 23, by inserting the | 17 |
| following: | 18 |
| " (15) If the Board elects to borrow money pursuant to item | 19 |
| (14) of this Section, the President of the University shall, | 20 |
| following consultation with the Board, within 15 days after the | 21 |
| issuance of the bonds, submit a backlog bill payment plan to | 22 |
| the Governor's Office of Management and Budget. No funds | 23 |
| derived from the issuance of the bonds may be expended in part |
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|
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09600SB0642ham001 |
- 10 - |
LRB096 06697 NHT 39509 a |
|
| 1 |
| or in whole until and unless the Director of the Governor's | 2 |
| Office of Management and Budget gives written approval of the | 3 |
| backlog bill payment plan to the University. Upon receipt of a | 4 |
| backlog bill payment plan, the Governor's Office of Management | 5 |
| and Budget must communicate its written approval or | 6 |
| disapproval, as the case may be, within 10 days. | 7 |
| The Board must ensure that all payments specified in the | 8 |
| backlog bill payment plan are paid according to the schedule | 9 |
| set forth in the backlog bill payment plan. | 10 |
| For purposes of this item (15), "backlog bill payment plan" | 11 |
| means a schedule by which a university borrowing money pursuant | 12 |
| to item (14) of this Section will pay vendors who have vouchers | 13 |
| representing payments past due by more than 30 days. "; and
| 14 |
| on page 73, line 8, after " submitted ", by inserting " for State | 15 |
| fiscal year 2010 "; and | 16 |
| on page 74, lines 8 and 9, by replacing " the maximum rate | 17 |
| authorized by the Bond Authorization Act " with " 3.5% per annum ; | 18 |
| and | 19 |
| on page 74, immediately below line 25, by inserting the | 20 |
| following: | 21 |
| " (14) If the Board elects to borrow money pursuant to item | 22 |
| (13) of this Section, the President of the University shall, | 23 |
| following consultation with the Board, within 15 days after the |
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09600SB0642ham001 |
- 11 - |
LRB096 06697 NHT 39509 a |
|
| 1 |
| issuance of the bonds, submit a backlog bill payment plan to | 2 |
| the Governor's Office of Management and Budget. No funds | 3 |
| derived from the issuance of the bonds may be expended in part | 4 |
| or in whole until and unless the Director of the Governor's | 5 |
| Office of Management and Budget gives written approval of the | 6 |
| backlog bill payment plan to the University. Upon receipt of a | 7 |
| backlog bill payment plan, the Governor's Office of Management | 8 |
| and Budget must communicate its written approval or | 9 |
| disapproval, as the case may be, within 10 days. | 10 |
| The Board must ensure that all payments specified in the | 11 |
| backlog bill payment plan are paid according to the schedule | 12 |
| set forth in the backlog bill payment plan. | 13 |
| For purposes of this item (14), "backlog bill payment plan" | 14 |
| means a schedule by which a university borrowing money pursuant | 15 |
| to item (13) of this Section will pay vendors who have vouchers | 16 |
| representing payments past due by more than 30 days. ".
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