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Rep. Michael J. Zalewski
Filed: 3/31/2022
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| 1 | | AMENDMENT TO SENATE BILL 1534
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1534, AS AMENDED, |
| 3 | | with reference to page and line numbers of House Amendment No. |
| 4 | | 1, on page 17, line 1, after the period, by inserting "The |
| 5 | | total return distribution shall not exceed 5% of the average |
| 6 | | fair market value of the fund assets in a given calendar |
| 7 | | year."; and
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| 8 | | on page 17, immediately below line 15, by inserting the |
| 9 | | following: |
| 10 | | "(2) if the average fair market value of the care fund |
| 11 | | declines by more than 30% during a rolling 5-year |
| 12 | | period;"; and
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| 13 | | on page 17, line 16, by replacing "(2)" with "(3)"; and
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| 14 | | on page 17, line 21, by replacing "(3)" with "(4)"; and
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