Amendment AA4-AB181

LRBa0414/1

MPG:cjs:ph

2013 - 2014 LEGISLATURE

ASSEMBLY AMENDMENT 4, TO ASSEMBLY BILL 181

May 10, 2013 - Offered by Representative Clark.

AB181-AA4,1,1 At the locations indicated, amend the bill as follows:

AB181-AA4,1,2 1. Page 4, lines 2, 5, 9, 13 and 20: after "(a)" insert "1.".

AB181-AA4,1,4 2. Page 4, line 13: delete " manager" and substitute "manager; contract approval".

AB181-AA4,1,5 3. Page 4, line 18: after that line insert:

AB181-AA4,1,13 "2. When the corporation gives the notice under par. (b) 1., the corporation shall submit its proposed contract with the investment manager to the legislative audit bureau for review. The legislative audit bureau shall review the proposed contract and, within 14 days after it receives the proposed contract for review, submit to the joint committee on finance and the corporation a letter of review that evaluates the terms of the contract and offers an opinion concerning the extent to which the proposed contract terms conform to normal practices in the venture capital industry and the extent to which the contract implements subs. (4) to (7).".

AB181-AA4,2,3 4. Page 4, line 22: delete the material beginning with "of" and ending with "1." on line 23 and substitute "the joint committee on finance receives the legislative audit bureau's letter of review under par. (a) 2.".

AB181-AA4,2,4 (End)