2nd Sub.
H.B.
243
AMENDMENTS TO THE FUND OF FUNDS
House Floor
Amendments
Amendment 1 March 6, 2014 10:44 AM
Representative Jim Bird
proposes the following amendments:
1. Page
2, Lines 34 through 36
:
34
Other Special Clauses:
35
{
None
}
This bill coordinates with S.B. 31, State Agency Reporting Amendments, by
providing superseding substantive and technical amendments.
36
Utah Code Sections Affected:
2. Page
2, Line 47
:
47
63M-1-1225
, Utah Code Annotated 1953
Utah Code Sections Affected by Coordination Clause:
63M-1-1206, as last amended by Laws of Utah 2012, Chapter 242
3. Page
8, Lines 216 through 221
:
216
Section
63M-1-1221
.
217
(6) (a) The board shall, in consultation with the corporation, publish
on or before September 1
an
annual report
218
of the activities conducted by the Utah fund of funds
{
on or before September 1
}
, and submit the
219
report to the governor [and]; the Business, Economic Development, and Labor Appropriations
220
Subcommittee[.]; the Business and Labor Interim Committee; and the Retirement and
221
Independent Entities Committee.
4. Page
10, Lines 279 through 281
:
279
(2) Before any returns may be reinvested in the Utah fund of funds:
280
(a) [Any] any returns shall be
{
payed
}
paid
to designated investors, including the repayment
281
by the Utah fund of funds of any outstanding loans;
5. Page
11, Lines 312 through 314
:
312
Subsection
63M-1-1206
(6); and
313
(d) be completed on or before
{
July 1
}
September 1
for the previous calendar year so that it
may be
314
included in the annual report described in Section
63M-1-1206
.
6. Page
14, Line 413
:
413
equity interest in the Utah fund of funds 2.
Section 8. Coordinating H.B. 243 with S.B. 31 -- Superseding substantive and technical amendments.
If this H.B. 243 and S.B. 31, State Agency Reporting Amendments, both pass and become law, it
is the intent of the Legislature that the amendments to Section 63M-1-1206 in this bill supersede the
amendments to Section 63M-1-1206 in S.B. 31, when the Office of Legislative Research and General
Counsel prepares the Utah Code database for publication.
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LRGC
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