S.Amdt. 5050

SA 5050. Mr. ENSIGN submitted an amendment intended to be proposed to
amendment SA 4983 proposed by Mr. Reid (for Mr. Dodd (for himself and
Mr. Shelby)) to the bill H.R. 3221, moving the United States toward
greater energy independence and security, developing innovative new
technologies, reducing carbon emissions, creating green jobs,
protecting consumers, increasing clean renewable energy production, and
modernizing our energy infrastructure, and to amend the Internal
Revenue Code of 1986 to provide tax incentives for the production of
renewable energy and energy conservation; which was ordered to lie on
the table; as follows:

On page 510, between lines 5 and 6, insert the following:
(4) Sale requirement.--If a State or unit of general local
government purchases or otherwise acquires an abandoned or
foreclosed upon home or residential property with funds
received pursuant to this section or with any amounts derived
or generated from activities authorized under this section,
that State or unit of general local government shall sell
such home or property by a date that is not later than 5
years after the date of enactment of this Act.
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