The phrase "second bullet" typically refers to a backup or alternative plan or option. It means having a second choice or solution in case the first one does not work out. Full definition
Looking at the first and second bullet points above, it is noticeable that although local authorities are not allowed to convert capital funding into revenue funding, the government seems able to do so. (schoolfinancialsuccess.com)
A Designation of Beneficiary Form filed with an investment firm upon the opening of an Investment account in April 2012, where the sole stated beneficiary is one of the three friends named in the (second bullet above) of the will? (moneysense.ca)
Seems like this is another way of looking at what Gavin already wrote about, no (see second bullet and its interpretation)? (tamino.wordpress.com)