Floor Packet Page No. 3                                                     

	
Amend CSSB 1, on page I-14, Bond Review Board, add a new 
section as follows:
	"Sec.___.  Cost Analysis and Legislative Report on 
Interest-Only Payments on State Bonds.  The Bond Review Board shall 
identify, by agency and project, the total amount of general 
obligation and revenue bonds for which interest-only was paid on 
outstanding debt during fiscal years 2004 and 2005 and for which 
interest-only is paid on debt issued or debt outstanding in fiscal 
years 2006 and 2007.  The Board shall determine the amount of 
additional costs incurred for each biennium and the long-term costs 
to the state if such a debt policy is continued.  The Board shall 
report its findings to the Legislature, the Governor, and the 
Comptroller of Public Accounts not later than October 1, 2006."