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	Amend CSHB 2828 (house committee report) as follows:                         

(1)  On page 8, line 16, strike "gross potential" and 	substitute "net".
	(2)  On page 8, line 18, between "income" and "of", insert 
"and expenses".
	(3)  On page 8, strike lines 24 and 25 and substitute the 
following:         
			(B)  basing the potential income and expenses of 
the property on reasonably clear and appropriate evidence, if the 
construction of the dwelling units in the
	(4)  On page 9, line 2, strike "reasonable" and substitute 
"required".
	(5)  On page 9, line 4, strike "and".                                   
	(6)  On page 9, between lines 4 and 5, insert the following:                   
		(3)  if Subdivision (1)(B) applies, reduce the 
stabilized value of the property to account for the income lost 
during the lease-up and construction period and for the percentage 
of construction yet to be completed; and
	(7)  On page 9, line 5, strike "(3)" and substitute "(4)".       
	(8)  On page 9, line 5, between "determined" and "by", insert 
"and published".