SB438 H FIN AM #1

Chakmakian 3260

The Committee on Finance moved to amend the bill on page 3, section 4, line 12, following the word “of” by striking “chapter 12 of this code” and inserting in lieu thereof “this chapter’;

On page 3, section 4, line 16, following the word “that” by striking “chose” and inserting in lieu thereof “choose”;

On page 4, section 4, line 27, following the word “rules” by inserting “promulgated or proposed”;

On page 4, section 4, line 34, following the word ”enable” by striking “public depositors” and inserting “designated state depositories”;

On page 5, section 7, line 8, following the word “on” by adding “the”;

On page 5, section 7, line 21, following the word “method” by adding “or other approved method permitted in this code”;

On page 5, following section 7, by striking “§12-1B-8.  Authority to secure public deposits; acceptance of liabilities and duties by public depositories.” and inserting in lieu thereof “§12-1B-8.  Authority to secure public deposits; acceptance of liabilities and duties of designated state depositories.”

On page 5, section 9, line 1, following “by” by striking “either the pooled method or the dedicated method”; and inserting in lieu thereof “the pooled method, the dedicated method or by any other method permitted in this code”; and

On page 7, section 10, line 1, following “any” by striking “public deposit” and inserting in lieu thereof “designated state depository”.

Adopted

Rejected