Senate Amendment 3333


PAG LIN




     1  1    Amend Senate File 341, as passed by the Senate, as
     1  2 follows:
     1  3 #1.  Page 2, by inserting after line 6 the
     1  4 following:
     1  5    <Sec.    .  Section 9H.2, subsection 4, Code 2003,
     1  6 is amended to read as follows:
     1  7    4.  A processor which was in compliance with this
     1  8 section prior to April 5, 2000, and which was in
     1  9 violation of this section as a result of 2000 Iowa
     1 10 Acts, chapter 1048, shall have until June 30, 2004
     1 11 2006, to comply with 2000 Iowa Acts, chapter 1048.  A
     1 12 processor shall not take action on or after April 5,
     1 13 2000, which would be in violation of this section.>
     1 14 #2.  Page 2, line 13, by striking the figure <2005>
     1 15 and inserting the following:  <2007>.
     1 16 #3.  Page 2, by inserting after line 18, the
     1 17 following:
     1 18    <Sec.    .  Section 9H.2A, subsections 1 through 3,
     1 19 Code 2003, are amended to read as follows:
     1 20    1.  A processor that was in compliance with section
     1 21 9H.2, Code 2001, prior to January 1, 2002, and which
     1 22 is in violation of section 9H.2, as amended by this
     1 23 Act 2002 Acts, chapter 1095, shall have until June 30,
     1 24 2004 2006, to comply with section 9H.2, as amended by
     1 25 this Act 2002 Acts, chapter 1095.
     1 26    2.  Notwithstanding any provision of this section,
     1 27 a processor shall not take an action on or after
     1 28 January 1, 2002, that would be in violation of section
     1 29 9H.2, as amended by this Act 2002 Acts, chapter 1095.
     1 30    3.  The two=year period that a person who holds an
     1 31 executive position in a processor or owes a processor
     1 32 a fiduciary duty and thus is deemed to be a processor
     1 33 as provided in section 9H.1, subsection 27, paragraph
     1 34 "b", shall not apply if the person held the position
     1 35 or owed the duty on January 1, 2002, and relinquishes
     1 36 the position or duty on or before June 30, 2004 2006.
     1 37    Sec.    .  Section 9H.2A, subsection 4, Code 2003,
     1 38 is amended by striking the subsection.>
     1 39 #4.  Page 4, line 27, by inserting after the word
     1 40 <section.> the following:  <The Code editor shall
     1 41 substitute the term "chapter" for "section" in the law
     1 42 text.>
     1 43 #5.  Page 4, line 29, by striking the figure <28,>.
     1 44 #6.  Page 4, line 31, by inserting before the
     1 45 figure <29> the following:  <28,>.
     1 46 #7.  By renumbering as necessary.
     1 47 SF 341.H
     1 48 da/es/25
   1 49
   1 50

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