LRBa1883/1
RAC:jlg:lp
1997 - 1998 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO 1997 ASSEMBLY BILL 729
March 12, 1998 - Offered by Representatives Grothman and Kaufert.
AB729-AA1,1,11 At the locations indicated, amend the bill as follows:
AB729-AA1,1,2 21. Page 3, line 5: after that line insert:
AB729-AA1,1,10 3"7. The payment that the assignor will receive as compensation for the
4assignment is at least equal to the present value of the assigned lottery prize
5payments, discounted at a rate no greater than the weekly prime rate for the week
6prior to the date on which the court received a copy of the assignment, as reported
7by the federal reserve board in federal reserve statistical release H. 15, plus 6%. In
8making the calculation under this subdivision, the court shall subtract from the
9compensation received by the assignor any required fees or other costs charged the
10assignor.".
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