1.1.................... moves to amend H.F. No. 409, the first engrossment, as follows:
1.2Page 1, delete section 1
1.3Page 2, delete sections 2 and 3
1.4Page 3, delete section 4
1.5Page 5, delete subdivision 5
1.6Page 18, delete subdivision 18, and insert:
1.7    "Subd. 18. Report. By January 15 of each odd-numbered year, the authority shall
1.8report to the chairs and ranking minority members of the legislative committees with
1.9jurisdiction over local and state government operations, economic development, and
1.10capital investment, and to the commissioners of management and budget and employment
1.11and economic development, the city, and the county. The authority shall also submit the
1.12report as provided in section 3.195. The report must include:
1.13(1) the adopted development plan and any proposed changes to the development plan;
1.14(2) progress of projects identified in the development plan;
1.15(3) actual costs and financing sources of projects completed in the previous two
1.16years by the authority, the city, the county, and the medical business entity;
1.17(4) estimated costs and financing sources for projects to be begun in the next two
1.18years by the authority, the city, the county, and the medical business entity; and
1.19(5) debt service schedules for all outstanding obligations of the authority."
1.20Page 20, line 8, after "subdivision 5," insert "paragraph (a)," and delete "the value"
1.21Page 20, delete lines 9 and 10 and insert "resources available to the authority to pay
1.22debt service when due."
1.23Page 20, line 13, delete "as" and insert "if" and after the comma insert "the maximum
1.24debt service payable in any year on the series and any previously issued bonds is less than
1.25the maximum annual appropriation under section 469.53"
1.26Page 21, delete section 17 and insert:

1.27    "Sec. 17. [469.53] PAYMENTS TO AUTHORITY.
2.1    Subdivision 1. Appropriation for debt payment. Beginning in fiscal year
2.22016 and continuing to fiscal year 2049, the amount necessary to pay debt service due
2.3on outstanding obligations of the authority issued under section 469.50, subdivision
2.45, paragraph (a), clause (2), is appropriated each year from the general fund to the
2.5commissioner of management and budget for transfer to the authority.
2.6    Subd. 2. Operating and administrative expenses. Beginning in fiscal year
2.72016 and continuing to fiscal year 2049, an amount agreed to by the commissioner of
2.8management and budget and the authority, is appropriated each year from the general fund
2.9to the commissioner for transfer to the authority to pay operating and administrative
2.10expenses of the authority.
2.11    Subd. 3. Maximum amount; condition for payment. The total amount
2.12appropriated to the commissioner under this section must not exceed $....... per year.
2.13The commissioner must not transfer money to the authority unless the report required in
2.14section 469.49, subdivision 18, has been submitted."
2.15Renumber the sections in sequence and correct the internal references
2.16Amend the title accordingly
2.17Renumber the subdivisions in sequence