H.B.
103
STATE MONEY MANAGEMENT ACT AMENDMENTS
House Floor
Amendments
Amendment 2 February 14, 2014 12:02 PM
Representative Eric K. Hutchings
proposes the following amendments:
1. Page
3, Lines 59 through 66
:
59
(i) safety H.
{
[
}
of principal
{
]
}
.H
{
and
}
;
(ii)
protection of principal during periods of
59a
financial market
60
volatility;
61
{
(ii)
}
(iii)
need for liquidity;
62
{
(iii)
}
(iv)
yield on investments;
63
{
(iv)
}
(v)
recognition of the different investment objectives of operating and permanent
64
funds; and
65
{
(v)
}
(vi)
maturity of investments, so that the maturity date of the investment does not exceed
66
the anticipated date of the expenditure of funds.
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LRGC
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shalverson
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