S.Amdt. 1622
What it does: Adds SEC. __. HOLD HARMLESS at the appropriate place in division D
Sen. Lisa Murkowski (R-AK)What it changes
1 change to S. 1813
Adds SEC. __. HOLD HARMLESS at the appropriate place in division D
Adds a sectionInserted: SEC. __. HOLD HARMLESS.
Inserted: No area in which a recipient of funding under chapter 53 of title 49, United States Code, issued grant anticipation bonds in reliance upon a provision of Federal law in effect on the day before the date of enactment of this Act that have maturity dates after the date of enactment of this Act shall receive an amount apportioned under section 5336 of title 49, United States Code, for fiscal year 2012 or 2013 that is less than an amount equal to 150 percent of the annual bonded debt service the recipient is obligated to pay pursuant to a federally approved grant anticipation bond sale.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place in division D, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1622. Ms. MURKOWSKI (for herself and Mr. Begich) submitted an amendment intended to be proposed by her to the bill S. 1813, to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place in division D, insert the following:
SEC. __. HOLD HARMLESS.
No area in which a recipient of funding under chapter 53 of title 49, United States Code, issued grant anticipation bonds in reliance upon a provision of Federal law in effect on the day before the date of enactment of this Act that have maturity dates after the date of enactment of this Act shall receive an amount apportioned under section 5336 of title 49, United States Code, for fiscal year 2012 or 2013 that is less than an amount equal to 150 percent of the annual bonded debt service the recipient is obligated to pay pursuant to a federally approved grant anticipation bond sale.
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Senate amendment submitted
February 15, 2012