sr1167_Floor_amend_1_AM_21_3603_3.html
08 AM 21 3603
ADOPTED
Senators Rogers of the 21st and Williams of the 19th offered the following amendment:

Amend SR 1167 by inserting on line 2 of page 1 following "Committee;" the following:
to create the Senate Transferable Low-Income Housing Tax Credits Study Committee;

By inserting immediately following line 25 of page 2 the following:
BE IT FURTHER RESOLVED that there is created the Senate Transferable Low-Income Housing Tax Credits Study Committee to be composed of five members of the Senate to be appointed by the President of the Senate. The President of the Senate shall designate a member of the committee as chairperson of the committee. The chairperson shall call all meetings of the committee.

BE IT FURTHER RESOLVED that the committee shall undertake a study of the conditions, needs, issues, and problems related to the availability of low-income housing and related tax ramifications and recommend any actions or legislation which the committee deems necessary or appropriate. The committee may conduct such meetings at such places and at such times as it may deem necessary or convenient to enable it to exercise fully and effectively its powers, perform its duties, and accomplish the objectives and purposes of this resolution. The members of the committee shall receive the allowances authorized for legislative members of interim legislative committees but shall receive the same for not more than five days unless additional days are authorized. The funds necessary to carry out the provisions of this resolution shall come from the funds appropriated to the Senate. In the event the committee makes a report of its findings and recommendations, with suggestions for proposed legislation, if any, such report shall be made on or before December 31, 2008. The committee shall stand abolished on December 31, 2008.