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Amend CSHB 7 (house committee printing) as follows:
(1) On page 15, line 27, strike "$50 million" and substitute "$100 million"
(2) On page 18, line 1, between "households" and the semicolon, insert "for each billing period during the months of May through October of each year"
(3) On page 20, line 8, immediately following "cooperatives." add:
Before August 1 of each even-numbered year, the commission shall project whether revenue anticipated to be due for deposit to the fund during the next state fiscal biennium will be sufficient to pay for the 15 percent rate reduction. If the commission projects that the anticipated revenue would be insufficient to pay for the rate reduction, not later than August 1 the commission shall report to the Legislative Budget Board the additional amount that would be necessary to pay for the rate reduction and request that the board include in the budget for that biennium an appropriation in that amount to the commission for that purpose from the system benefit fund or another source. Notwithstanding Section 39.903, the legislature may appropriate money from the system benefit fund for the purpose of ensuring sufficient funding to pay for the rate reduction.
(4) On page 22, strike lines 3 and 4 and substitute:
customers programs described by this section until the balances of the fund and the system benefit fund are exhausted.