1st Sub. H.B. 337
         PERMANENT STATE TRUST FUND INVESTMENT AMENDMENTS

House Floor Amendments

Amendment 1 March 4, 2013 10:51 AM



Representative Rich Cunningham proposes the following amendments:

1.    Page 3, Lines 84 through 85 :    

             84          (3) The state treasurer may deduct any administrative costs incurred in managing
             85      permanent state trust fund assets from earnings before
{   distributing   }        transferring       them        to the General Fund       .


2.    Page 3, Lines 86 through 87 :    

             86          (4) (a) The state treasurer may
{   employ   }        contract with       professional asset managers to assist in the

             87      investment of assets of the permanent state trust fund.

3.    Page 4, Line 88 :    

             88          (b) The treasurer may provide compensation to asset managers only from
{   earnings   }        assets      


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