Amendment AA5-AB579

LRBa0862/1

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2001 - 2002 LEGISLATURE

ASSEMBLY AMENDMENT 5, TO 2001 ASSEMBLY BILL 579

October 30, 2001 - Offered by Representatives Grothman and Ziegelbauer.

AB579-AA5,1,1 At the locations indicated, amend the bill as follows:

AB579-AA5,1,2 1. Page 1, line 5: after "requirements," insert "qualified investment schedule,".

AB579-AA5,1,3 2. Page 4, line 19: after that line insert:

AB579-AA5,1,4 " Section 9h. 560.34 (1m) (a) 3. of the statutes is created to read:

AB579-AA5,1,7 560.34 (1m) (a) 3. Within 7 years after the investment date for a particular investment pool, at least 70% of the investment pool shall be placed in qualified investments.

AB579-AA5, s. 9j Section 9j. 560.34 (1m) (a) 4. of the statutes is created to read:

AB579-AA5,1,11 560.34 (1m) (a) 4. Within 10 years after the investment date for a particular investment pool, 100% of the investment pool shall be placed in qualified investments.".

AB579-AA5,1,12 3. Page 5, line 16: after that line insert:

AB579-AA5,1,13 " Section 12m. Initial applicability.

AB579-AA5,2,3 (1) Qualified investment schedule. The treatment of section 560.34 (1m) (a) 3. and 4. of the statutes first applies to investment pools for which December 31, 1999, is the investment date.".

AB579-AA5,2,4 (End)