H.B.
426
RETIREMENT PARTICIPATION MODIFICATIONS
House Committee
Amendments
Amendment 2 March 5, 2014 11:20 AM
Representative Don L. Ipson
proposes the following amendments:
1. Page
2, Lines 41 through 47
:
41
(1) As used in this section, "withdrawing entity" means an entity that:
42
(a) participates in a system or plan under this title prior to July 1, 2014;
43
(b) provides mental health and substance abuse services for a county under Section
44
17-50-318
;
{
and
}
45
(c) after beginning participation with a system or plan under this title, has modified its
46
federal tax status to a nonprofit organization that qualifies under Section 501(c)(3) of the
47
Internal Revenue Code
{
.
}
; and
(d) is not a state institution of higher education as described in Section 53B-2-101.
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