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House Journal: Page 1828: Monday, April 22, 1996

Page  51

 1   expenses are limited to the following:
 2     a.  Fees for investment advisors, consultants, and
 3   investment management and benefit consultant firms
 4   hired by the treasurer of state in administering the
 5   fund.
 6     b.  Fees and costs for safekeeping fund assets.
 7     c.  Costs for performance and compliance
 8   monitoring, and accounting for fund investments.
 9     d.  Any other costs necessary to prudently invest
10   or protect the assets of the fund.  The state court
11   administrator and the treasurer of state, and their
12   employees, are not personally liable for claims based
13   upon an act or omission of the person performed in the
14   discharge of the person's duties concerning the
15   judicial retirement fund, except for acts or omissions
16   which involve malicious or wanton misconduct.
17                             DIVISION IV
18      EFFECTIVE AND APPLICABILITY PROVISIONS
19     Sec. 101.  EFFECTIVE AND RETROACTIVE APPLICABILITY
20   DATES.
21     1.  The section of this Act which amends section
22   97B.49, subsection 16, by enacting a new paragraph
23   "m", being deemed of immediate importance, takes
24   effect upon enactment and applies retroactively to
25   July 1, 1992.
26     2.  The section of this Act which amends section
27   411.6, subsection 12, paragraphs "a" through "c",
28   takes effect July 1, 1997."
Larkin of Lee asked and received unanimous consent that
amendments H-5792 and H-5864, to the committee amendment H-5515,
be deferred.
Martin of Scott offered the following amendment H-6034, to the
committee amendment H-5515, filed by Martin, Jacobs and Gipp
from the floor and moved its adoption:

H-6034

 1     Amend the amendment, H-5515, to Senate File 2245,
 2   as amended, passed, and reprinted by the Senate, as
 3   follows:
 4     1.  Page 14, line 3, by striking the words
 5   "paragraph "e"" and inserting the following:
 6   "paragraphs "e" and "f"".
 7     2.  Page 14, line 42, by striking the words
 8   "paragraph "e"" and inserting the following:
 9   "paragraphs "e" and "f"".
10     3.  Page 16, by inserting after line 41 the
11   following:
12     "Sec. ___.  Section 97B.49, subsection 5, Code

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Tue Apr 23 13:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01800/01828.html
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