1.1.................... moves to amend H.F. No. 1049, the delete everything amendment
1.2(H1049DE4), as follows:
1.3Page 15, delete lines 17 to 21
1.4Page 26, after line 17 insert:

1.7Notwithstanding any other law or charter provision to the contrary, a home rule
1.8charter or statutory city that has a public service enterprise that sells electricity shall
1.9make a payment to the state by December 31, 2011, equal to a percent of the calendar
1.10year 2009 net income of the public service enterprise, as reported to the state auditor. If
1.11a city's public service enterprise that sells electricity had a net income less than zero for
1.12calendar year 2009 it is not subject to the payment requirement under this section. The
1.13percent of the transfer shall be the same for all affected cities and shall be equal to the
1.14amount necessary to have the total payments under this section equal $60,000,000. The
1.15commissioner of revenue shall calculate the percent, based on information supplied by the
1.16state auditor, and inform each city of the amount owed by August 1, 2011. The city may
1.17make the payment from the public service enterprise fund selling electricity, or, if the city
1.18has transferred money from the public service enterprise fund to another city fund, the
1.19payment may come from the city fund that received the transfer. Monies received under
1.20this section shall be deposited in the state general fund.
1.21EFFECTIVE DATE.This section is effective the day following final enactment."