Senate
File
507
H-1089
Amend
Senate
File
507,
as
passed
by
the
Senate,
as
follows:
1
1.
Page
2,
line
17,
after
<
profit.
>
by
inserting
<
However,
2
“company”
does
not
mean
a
sole
proprietorship
or
a
company
with
3
less
than
ten
full-time
employees.
>
4
2.
Page
5,
after
line
15
by
inserting:
5
<
3.
This
section
does
not
apply
to
a
public
fund
acting
on
6
behalf
of
a
participant
directing
investments
in
a
retirement
7
account
in
which
the
participant
has
the
authority
to
make
such
8
a
decision
independently
from
the
public
fund.
>
9
3.
By
striking
page
5,
line
33,
through
page
6,
line
2,
and
10
inserting:
11
<
1.
A
public
entity
shall
not
enter
into
a
contract
of
fifty
12
thousand
dollars
or
more
with
a
scrutinized
company
included
on
13
a
scrutinized
company
list
created
by
a
public
fund
pursuant
14
to
section
12K.3
for
services
including
but
not
limited
to
the
15
investment
or
management
of
securities
in
which
any
public
16
funds
are
invested.
17
2.
This
section
shall
not
apply
if
the
public
entity
18
determines
that
the
requirements
of
this
section
would
19
otherwise
be
inconsistent
with
the
public
entity’s
20
constitutional
or
statutory
duties
or
would
prevent
the
public
21
entity
from
obtaining
the
supplies
or
services
to
be
provided
22
in
an
economically
practicable
manner.
>
23
______________________________
WILLS
of
Dickinson
______________________________
LUNDGREN
of
Dubuque
-1-
SF
507.1127
(1)
90
ec/rn
1/
1
#1.
#2.
#3.