Amend SB 1646 as follows;
      in Section 3, on page 6, line 4, after the word,
"outstanding", insert. "The Authority is authorized to enter into
an agreement granting an option to purchase the authority's
refunding bonds on the terms and conditions the board determines
advisable which may be for a term of up to four years.
Alternatively, the Authority may enter into a bond purchase
agreement to sell the refunding bonds of the Authority on such
terms and conditions as the board determines advisable which may
provide for delivery of the bonds for a period of up to four
years."