Amendment SA1-AB56

LRBa0794/1

PJK:jrd:kaf

1995 - 1996 LEGISLATURE

SENATE AMENDMENT 1, To 1995 ASSEMBLY BILL 56

April 6, 1995 - Offered by Committee on Transportation, Agriculture and Local Affairs.

AB56-SA1,1,1 At the locations indicated, amend the bill as follows:

AB56-SA1,1,2 1. Page 2, line 6: delete that line and substitute:

AB56-SA1,1,3 "234.90 (2) (d) The If the loan is one to which sub. (5) applies, the".

AB56-SA1,1,4 2. Page 3, line 16: delete lines 16 and 17 and substitute:

AB56-SA1,1,8 "234.90 (5) Interest reduction. The If at the time of origination or extension the interest rate on a guaranteed loan and the prime lending rate as reported by the federal reserve board in federal reserve statistical release H. 15 each equals or exceeds 10%, the authority shall pay,".

AB56-SA1,1,9 (End)