Text: H05881 Text: H05883 Text: H05800 - H05899 Text: H Index Bills and Amendments: General Index Bill History: General Index
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PAG LIN
1 1 Amend House File 2490 as follows:
1 2 #1. Page 1 by inserting after line 34 the
1 3 following:
1 4 "f. That the fund will not accept an investment
1 5 until it has received a disclosure signed by the
1 6 investor stating that the government does not endorse
1 7 the fund, the fund managers, or any investments made
1 8 by the fund. The disclosure shall be a separate
1 9 document printed in capital letters in ten point
1 10 boldface type and shall be in the following form:
1 11
1 12 DISCLOSURE REGARDING NONENDORSEMENT BY THE GOVERNMENT
1 13
1 14 EARLY-PHASE, GROWTH-PHASE, AND MEZZANINE-PHASE
1 15 INVESTMENTS INHERENTLY INVOLVE A HIGH DEGREE OF RISK.
1 16 THE STATE OF IOWA HAS A PROGRAM TO ENCOURAGE PRIVATE
1 17 INVESTMENT IN THESE HIGH RISK VENTURES BY PROVIDING A
1 18 PARTIAL INVESTMENT REFUND UNDER CERTAIN CONDITIONS.
1 19 NEITHER THE FACT THAT THIS INVESTMENT ENTITY IS
1 20 REGISTERED AS AN ELIGIBLE FUND UNDER THE STATE PROGRAM
1 21 NOR THE FACT THAT SPECIFIC INVESTMENTS MADE BY THIS
1 22 FUND MAY BE ELIGIBLE FOR A REFUND UNDER THE STATE
1 23 PROGRAM CONSTITUTES AN ENDORSEMENT BY THE STATE OR
1 24 SECURITIES BUREAU REGULATORS OF THE INVESTMENT ENTITY
1 25 ITSELF, THE MANAGERS OF THE ENTITY, OR SPECIFIC
1 26 INVESTMENTS MADE BY THE ENTITY.
1 27 THE SECURITIES BUREAU DOES NOT PROVIDE A HIGHER
1 28 LEVEL OF EXAMINATION OR OVERSIGHT OF THIS INVESTMENT
1 29 ENTITY OR INVESTMENTS MADE BY THIS ENTITY THAN OF
1 30 SIMILAR ENTITIES OR INVESTMENTS WHICH ARE NOT ELIGIBLE
1 31 TO PARTICIPATE IN THE STATE INCENTIVE PROGRAM.
1 32 IF YOU HAVE QUESTIONS REGARDING THE ELIGIBILITY OF
1 33 THIS ENTITY UNDER THE STATE PROGRAM OR THE TYPES OF
1 34 INVESTMENTS WHICH MAY BE ELIGIBLE UNDER THE STATE
1 35 PROGRAM, YOU SHOULD CONTACT THE IOWA SECURITIES BUREAU
1 36 OF THE INSURANCE DIVISION OF THE DEPARTMENT OF
1 37 COMMERCE AT (current address and phone number).
1 38
1 39 I HEREBY ACKNOWLEDGE RECEIPT OF THIS DISCLOSURE.
1 40
1 41
1 42 .......... ............................
1 43 DATE SIGNATURE".
1 44
1 45
1 46
1 47 WEIGEL of Chickasaw
1 48 HF 2490.504 76
1 49 mk/jw
Text: H05881 Text: H05883 Text: H05800 - H05899 Text: H Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: House Bills and Amendments (76th General Assembly)
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Last update: Wed Apr 10 03:25:18 CDT 1996
URL: /DOCS/GA/76GA/Legislation/H/05800/H05882/960409.html
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