Amend House File 533, as passed by the House, as follows:
   1.  Page 3, after line 17 by inserting: 
   <4.  Fund closure. A school corporation shall close an entrepreneurial education fund at the request of the student organization or club for which the school corporation established the fund. All moneys in the fund on the date of closure and any subsequent return on an investment made with moneys from the fund shall be deposited in the school corporation’s student activity fund established under section 298A.8.>
   2.  Page 3, line 18, by striking <4.> and inserting <5.>
   3.  Page 3, line 21, by striking <venture.> and inserting <venture, or rendering other labor or services in return for compensation. “Entrepreneurial activities” does not include charitable contributions or other donations or gifts received by the student organization or club for which no labor or services are rendered.>

______________________________
COMMITTEE ON EDUCATION

HERMAN C. QUIRMBACH, CHAIRPERSON