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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