Text: S03257                            Text: S03259
Text: S03200 - S03299                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 3258

Amendment Text

PAG LIN
  1  1    Amend Senate File 497 as follows:
  1  2    #1.  Page 3, by striking line 15 and inserting the
  1  3 following:   "senate.  A vacancy shall be filled for
  1  4 the unexpired portion of the term in the same manner
  1  5 as a full-term appointment is made.  The governor may
  1  6 remove the chief executive officer for malfeasance in
  1  7 office, or for any cause that renders the chief
  1  8 executive officer ineligible, incapable, or unfit to
  1  9 discharge the duties of the office."
  1 10    #2.  Page 3, line 17, by inserting after the words
  1 11 "shall include" the following:  "management-level
  1 12 pension fund administration experience.  The
  1 13 qualifications for appointment as the chief executive
  1 14 officer shall also include".
  1 15    #3.  Page 3, line 18, by striking the words "and
  1 16 executive-level experience in".
  1 17    #4.  Page 4, by striking lines 25 through 28 and
  1 18 inserting the following:  "department.  The budget
  1 19 program for the division shall be established by the
  1 20 chief executive officer in consultation with the board
  1 21 and other staff of the division and shall be compiled
  1 22 by the department of personnel in collaboration with
  1 23 the division and submitted on behalf of the division
  1 24 by the department pursuant to section 8.23."
  1 25    #5.  Page 8, line 24, by inserting after the word
  1 26 "division." the following:  "The treasurer shall not
  1 27 select any bank or other third party for the purposes
  1 28 of investment asset safekeeping, other custody, or
  1 29 settlement services without prior consultation with
  1 30 the board."
  1 31    #6.  Page 12, line 26, by striking the word "nine"
  1 32 and inserting the following:  "eleven".
  1 33    #7.  Page 12, line 27, by striking the word "two"
  1 34 and inserting the following:  "four".
  1 35    #8.  Page 12, line 34, by inserting after the word
  1 36 "system." the following:  "Prior to the appointment by
  1 37 the governor of a member of the board under this
  1 38 subparagraph, the benefits advisory committee shall
  1 39 submit a slate of at least two nominees per position
  1 40 to the governor for the governor's consideration.  The
  1 41 governor is not required to appoint a member from the
  1 42 slate submitted."
  1 43    #9.  Page 13, by striking lines 6 through 10 and
  1 44 inserting the following:  "The nonvoting members of
  1 45 the board shall be two state representatives, one
  1 46 appointed by the speaker of the house of
  1 47 representatives and one by the minority leader of the
  1 48 house, and two state senators, one appointed by the
  1 49 majority leader of the senate and one by the minority
  1 50 leader of the senate."
  2  1    #10.  Page 14, line 14, by inserting after the word
  2  2 "benefits" the following:  "and services".
  2  3    #11.  Page 15, line 13, by inserting after the word
  2  4 "concerning" the following:  "the services provided to
  2  5 members and".
  2  6    #12.  Page 15, by inserting after line 16 the
  2  7 following:
  2  8    "c.  Upon the expiration of the term of office of
  2  9 or a vacancy concerning one of the three members of
  2 10 the investment board described in section 97B.8A,
  2 11 subsection 4, paragraph "a", subparagraph (2), the
  2 12 voting members of the committee shall submit to the
  2 13 governor the names of at least two nominees who meet
  2 14 the requirements specified in that subparagraph.  The
  2 15 governor may appoint the member from the list
  2 16 submitted by the committee."
  2 17    #13.  Page 16, line 1, by inserting after the word
  2 18 "injury." the following:  "However, the benefits
  2 19 advisory committee shall not incur any additional
  2 20 expenses in fulfilling its duties as provided by this
  2 21 section without the express written authority of the
  2 22 chief executive officer."
  2 23    #14.  Page 19, line 1, by inserting after the word
  2 24 and figures "July 1, 2002." the following:  "Two
  2 25 additional legislative members shall be appointed and
  2 26 commence membership on the new investment board on
  2 27 July 1, 2002, as provided in section 97B.8A as enacted
  2 28 in this Act."
  2 29    #15.  By renumbering as necessary.  
  2 30 
  2 31 
  2 32                               
  2 33 JOHN P. KIBBIE
  2 34 RICHARD F. DRAKE 
  2 35 MARY LOU FREEMAN 
  2 36 SHELDON RITTMER 
  2 37 SF 497.701 79
  2 38 ec/cls
     

Text: S03257                            Text: S03259
Text: S03200 - S03299                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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