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| | SB0170AVM001 | | LRB097 04012 JDS 57723 v |
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| 1 | | MOTION
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| 2 | | I move to accept the specific recommendations of the |
| 3 | | Governor
as to Senate Bill 170 in manner and form as follows: |
| 4 | | AMENDMENT TO SENATE BILL 170 |
| 5 | | IN ACCEPTANCE OF GOVERNOR'S RECOMMENDATIONS |
| 6 | | Amend Senate Bill 170 on pages 11 and 12, by replacing |
| 7 | | line 20 on page 11 through line 3 on page 12 with the |
| 8 | | following: |
| 9 | | "(l-5) Establish a locally held account (referred to as the |
| 10 | | Account) to hold, maintain and administer the |
| 11 | | Therkelsen/Hansen College Loan Fund (referred to as the Fund). |
| 12 | | All cash represented by the Fund shall be transferred from the |
| 13 | | State Treasury to the Account. The Department shall promulgate |
| 14 | | rules regarding the maintenance and use of the Fund and all |
| 15 | | interest earned thereon; the eligibility of potential |
| 16 | | borrowers from the Fund; and the awarding and repayment of |
| 17 | | loans from the Fund; and other rules as applicable regarding |
| 18 | | the Fund. The administration of the Fund and the promulgation |
| 19 | | of rules regarding the Fund shall be consistent with the will |
| 20 | | of Petrea Therkelsen, which establishes the Fund.".
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| 21 | | Date: _________________, 2011 ___________________________ |