JOINT CONFERENCE COMMITTEE REPORT

We, the conferees, appointed by the respective bodies to consider and report upon the disagreeing vote on House Bill No. 1494, report as follows:

A. We recommend that the Senate Amendments be rejected.

B. We recommend that the engrossed bill be amended as follows to resolve the matter(s) under disagreement.

1. Page 1, engrossed bill, line 38, after development

strike

(i)

2. Page 1, engrossed bill, line 39, after regulations,

strike

the remainder of line 39

insert

. (a period)

3. Page 1, engrossed bill, line 49, after notification of

strike

the remainder of line 49 and all of lines 50 through 54

insert

(i) the staff recommendation is sent to the applicant for the proposed financing on or before the date on which the staff recommendation is sent to the governing body or (ii) the governing body's intent to consider such disapproval, where there is no staff recommendation, is sent to such applicant at least fifteen calendar days prior to its decision. Such notice shall be sent to the applicant at the address specified in HDA's written notification. In the event of a failure to send the notice required by this subsection, the executive director shall, for the purposes of making the finding required by subsection B, disregard such certification of disapproval.

Respectfully submitted,

James M. Scott

Alan A. Diamonstein

Thomas G. Baker, Jr.

Conferees on the part of the House

Jane H. Woods

R. Edward Houck

Edward L. Schrock

Conferees on the part of the Senate