STATEMENT TO

[First Reprint]

SENATE, No. 1672

with Senate Floor Amendments

(Proposed By Senator LITTELL)

ADOPTED: NOVEMBER 25, 1996

      This amendment provides that any interest that accrues on the funds held by the Palisades Park Commission in an interest bearing account pursuant to section 1 of the bill shall be transferred to the State Treasurer and credited to the General Fund.