Text: S05209                            Text: S05211
Text: S05200 - S05299                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

Senate Amendment 5210

Amendment Text

PAG LIN
  1  1    Amend Senate File 2296 as follows:
  1  2    #1.  Page 17, line 1, by inserting after the word
  1  3 "its" the following:  "remaining moneys and".
  1  4    #2.  Page 17, by striking lines 2 through 12 and
  1  5 inserting the following:  "liquidating manager.  The
  1  6 selection and appointment process for the liquidating
  1  7 manager shall be established by the insurance division
  1  8 of the department of commerce subject to approval by
  1  9 the attorney general.  Liquidation shall be completed
  1 10 by the liquidation manager within a reasonable time
  1 11 provided that appropriate steps are taken to maximize
  1 12 the moneys transferred to the state and minimize the
  1 13 transition effect on the affected companies.  The
  1 14 liquidation manager shall be reimbursed for the actual
  1 15 costs associated with the liquidation of the Iowa seed
  1 16 capital corporation assets including, but not limited
  1 17 to, brokerage fees and administrative charges."
  1 18    #3.  Page 17, line 13, by inserting after the word
  1 19 "Moneys" the following:  ", unless otherwise provided
  1 20 by law, shall be".
  1 21    #4.  Page 17, lines 13 through 15, by striking the
  1 22 words "on or before June 30, 1998, and moneys
  1 23 transferred to the strategic investment fund by the
  1 24 receiver" and inserting the following:  "by the
  1 25 liquidating manager".
  1 26    #5.  Page 17, line 16, by inserting after the word
  1 27 "assets" the following:  "and".  
  1 28 
  1 29 
  1 30                               
  1 31 ALLEN BORLAUG 
  1 32 
  1 33 
  1 34                               
  1 35 DERRYL McLAREN 
  1 36 SF 2296.501 77
  1 37 tm/jw/28
     

Text: S05209                            Text: S05211
Text: S05200 - S05299                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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