HB4443 H GO AM
House Bill 4443 History
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Key: Green = existing Code. Red = new code to be enacted
HB4443 H GO AM
The Committee on Government Organization moves to amend the
bill:
On page three, section four, line nine, after the word
"quorum" and the period, by striking out the remainder of the
subdivision and inserting in lieu thereof the words "No action may
be taken by the board except upon the affirmative vote of at least
a majority of those members present, but in no event fewer than six
of the members serving on the board."
On page eight, section six, line eighteen, after the word
"interest" and the period, by changing the semicolon to a colon and
inserting the words: Provided, That the board may not leverage
venture capital through the sale of bonds issued by the jobs
investment trust, and any debt obligation of a nongovernmental
entity in which the jobs investment trust holds an equity interest
may not be marketed as a governmental security by reason of the
interest of the jobs investment trust. Any offering of any bond,
security or evidence of indebtedness shall include the
representation the jobs investment trust board is a public body
corporate managing a venture capital fund that includes high-risk
investments, and that in any transfer, sale, or assignment of any
interest, the transferee, purchaser or assignee accepts any risk
without recourse to the jobs investment trust or to the state. The secretary of the department of administration may not be a party
signatory to any document associated with the transfer, sale or
assignment of any interest by the jobs investment trust absent the
express consent of the Legislature.