Senate Amendment to House File 533 H-1278 Amend House File 533, as passed by the House, as 1 follows: 2 1. Page 3, after line 17 by inserting: 3 < 4. Fund closure. A school corporation shall close 4 an entrepreneurial education fund at the request of 5 the student organization or club for which the school 6 corporation established the fund. All moneys in the 7 fund on the date of closure and any subsequent return 8 on an investment made with moneys from the fund shall 9 be deposited in the school corporation’s student 10 activity fund established under section 298A.8. > 11 2. Page 3, line 18, by striking < 4. > and inserting 12 < 5. > 13 3. Page 3, line 21, by striking < venture. > and 14 inserting < venture, or rendering other labor or 15 services in return for compensation. “Entrepreneurial 16 activities” does not include charitable contributions 17 or other donations or gifts received by the student 18 organization or club for which no labor or services are 19 rendered. > 20 -1- HF533.1541.S (1) 85 jh 1/ 1 #1. #2.