AMENDMENT No. 3 to 02 LSO 0200.W4

This amendment provides an additional role for the select capital financing and investment committee regarding capital construction functions.  The role mirrors in large part the select water committee functions for water development projects, with some adjustments for timing of reports and recommendations.

Page 18-after line 5    Insert:

"(c)  On or before December 1 October 1, of each year, the commission shall provide copies of the needs assessment, and statewide construction and renovation priorities established under this section, proposed program construction schedule under W.S. 9-5-108 and proposed financing developed pursuant to W.S. 9-5-109 to members of the legislature the select committee on capital financing and investments.".

Page 23-after line 16   Insert:

"(vi)  Monitor state capital financing commission progress with regard to all projects as defined in W.S. 9-5-401 and other projects specified by law;

(vii)  Prepare and submit to the governor and joint appropriations interim committee not later than November 15 of each year a report detailing the state capital financing commission's progress and the activities of the select committee, specifying any select committee recommendations;

(viii)  Review the budgets of all projects of the state capital financing commission and make recommendations.

(e)  The state capital financing commission shall:

(i)  Provide the select committee with notice of all commission meetings. The select committee and the commission may hold joint meetings;

(ii)  Not enter into any contract or contract amendment involving the expenditure of more than five thousand dollars ($5,000.00) of any funds authorized for any project as defined under W.S. 9-5-401, until thirty (30) days after the contract or contract amendment has been submitted to the legislative service office for distribution to members of the select committee for review and recommendation;

(iii)  Provide information to the select committee upon request to assist the select committee to monitor progress.

(d)(f)  The select committee may:

(i)  Secure consulting services, if necessary, to provide technical assistance regarding state investment policy or in inspecting and reviewing capital financing project budgets or other issues related to the capital financing projects approved by the legislature;;

(iii)  Inspect any construction on approved capital construction projects and review budgets and expenditures related to any aspect of state capital financing policy and its implementation.".  MOCKLER