FORTY-EIGHTH LEGISLATURESB 811/a

FIRST SESSION, 2007

February 19, 2007

Madam President:

    Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred

SENATE BILL 811

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On page 6, lines 4 through 6, strike "file regular reports with the United States securities and exchange commission" and insert in lieu thereof "are publicly traded on a national stock exchange".

    2. On page 6, line 20, strike "direct or indirect".

    3. On page 6, line 20, after "applicant" insert "entity".

    4. On page 6, lines 22 through 24, strike "who is employed by the corporation and who participates in operation of the license in some way other than infrequent meetings of the board of directors".

    5. On page 7, line 1, strike "corporation" and insert in lieu thereof "applicant entity".

    6. On page 7, line 3, strike "direct or indirect".

    7. On page 7, line 3, after "applicant" insert "entity".

    8. On page 7, line 6, strike "direct or indirect".

    9. On page 7, line 6, after "applicant" insert "entity".

    10. On page 7, line 9, strike "partnership" and insert in lieu thereof "applicant entity".

    11. On page 7, line 12, strike "direct or indirect".

    12. On page 7, line 12, after "applicant" insert "entity".

    13. On page 7, line 15, strike "limited liability company" and insert in lieu thereof "applicant entity".

    14. On page 12, line 7, strike "the director's designee" and insert in lieu thereof "an individual that the director deems trustworthy and reliable".

    15. On page 15, line 21, strike "or partners or owners" and insert in lieu thereof ", partners, owners or members".,

and thence referred to the JUDICIARY COMMITTEE.

                               Respectfully submitted,

                               __________________________________

                               Shannon Robinson, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

               Date ________________________

The roll call vote was 5 For 0 Against

Yes:      5

No:       0

Excused: Boitano, Duran, Ingle, Nava

Absent:   None

SB0811CT1                                                  .167146.1