Bill Amendment: WV SB1 | 2022 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Creating Mining Mutual Insurance Company

Status: 2022-04-20 - Chapter 157, Acts, Regular Session, 2022 [SB1 Detail]

Download: West_Virginia-2022-SB1-SB1_HFA_HANSEN_3-9.html

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SB1 HFA Hansen 3-9

Altizer - 3259

 

Delegate Hansen moves to amend SB1 on page 7, Section 8, lines 15 and 16 by striking out the words "paid back as credits as reclamation activities are accomplished." and insert in lieu thereof, the following:

"conditioned upon the repayment thereof and subject to the terms of a surplus note or other loan arrangement. The terms of any such surplus note or other loan arrangement must be approved by the State Auditor. Payments received by the Treasurer from the company in repayment of any outstanding surplus note or other loan arrangement made pursuant to this subsection shall be deposited in the treasury of the state."

And,

On page 8, section 8, lines 29 and 30, following the words "noninterest loan" by inserting a period and deleting the remainder of the sentence.