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1999 SESSION
(HB1722)AMENDMENTS PROPOSED BY THE SENATE COMMITTEE ON FINANCE
1. Page 1, engrossed, line 48, after is
strike
a Habitat For Humanity, Inc.,
insert
an organization exempt from taxation under § 501 (c) (3) of the Internal Revenue Code that is organized and operated primarily to acquire land and purchase materials to erect or rehabilitate low-cost homes on such land, which homes are sold at cost to persons who otherwise would be unable to afford to buy a home through conventional means,
2. Page 2, engrossed, line 5, after 5.
strike
remainder of line 5 and all of line 6
insert
Securing a loan made by an organization described in subdivision 14 of subsection A of this section.