LRBa1284/1
ARG:amn
2021 - 2022 LEGISLATURE
SENATE AMENDMENT 1,
TO SENATE BILL 451
February 18, 2022 - Offered by Senator Stafsholt.
SB451-SA1,1,11 At the locations indicated, amend the bill as follows:
SB451-SA1,1,2 21. Page 1, line 8: before “repealing" insert “and".
SB451-SA1,1,4 32. Page 1, line 8: delete the material beginning with “Institutions," and ending
4with “procedures." on line 9 and substitute “Institutions.”.
SB451-SA1,1,5 53. Page 4, line 6: delete lines 6 to 11.
SB451-SA1,1,8 64. Page 5, line 23: delete “Issue" and substitute “In addition to the existing
7rights of low-income-designated and community development credit unions to issue
8other forms of capital, issue".
SB451-SA1,1,11 95. Page 5, line 24: after “conditions" insert “, including the safety and
10soundness of the proposed use of the capital and the overall condition of the credit
11union,".
SB451-SA1,2,2
16. Page 5, line 25: after “unions." insert “This approval shall be in writing and
2obtained prior to the issuance of the supplemental capital.".
SB451-SA1,2,4 37. Page 6, line 1: delete the material beginning with that line and ending with
4page 8, line 15.
SB451-SA1,2,5 58. Page 8, line 25: delete that line.
SB451-SA1,2,7 69. Page 11, line 6: delete the material beginning with that line and ending with
7page 12, line 17.
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