AMENDMENT FOR PRINTED BILL
112fa

___________________ moved that SB 112 be amended as follows:


    On the printed bill, delete everything after the enacting clause and insert:

"
    Section 1. That § 11-9-23 be amended to read:

    11-9-23. If the municipality adopts an amendment to the original project plan for any district, which that includes additional project costs for which tax increments may be received by the municipality, the tax incremental base for the district will be incurred before the expiration of the period specified in § 11-9-13 and the additional project costs do not exceed thirty-five percent of the amount approved within the original project plan, the amendment shall be made pursuant to § 11-9-18. An amendment to the original project plan that includes additional project costs at least part of which will be incurred after the expiration of the period specified in § 11-9-13 shall be redetermined pursuant to § 11-9-20. The tax incremental base as redetermined under this section is effective for the purposes of this chapter only if it exceeds the original tax incremental base determined under § 11-9-20. "