House Amendment to Senate File 507 S-3085 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 3, line 31, after < companies > by inserting < on 5 behalf of a public entity on or after July 1, 2023 > 6 3. Page 5, after line 15 by inserting: 7 < 3. This section does not apply to a public fund acting on 8 behalf of a participant directing investments in a retirement 9 account in which the participant has the authority to make such 10 a decision independently from the public fund. > 11 4. By striking page 5, line 33, through page 6, line 2, and 12 inserting: 13 < 1. A public entity shall not enter into a contract of fifty 14 thousand dollars or more with a scrutinized company included on 15 a scrutinized company list created by a public fund pursuant 16 to section 12K.3 for services including but not limited to the 17 investment or management of securities in which any public 18 funds are invested. 19 2. This section shall not apply if the public entity 20 determines that the requirements of this section would 21 otherwise be inconsistent with the public entity’s 22 constitutional or statutory duties or would prevent the public 23 entity from obtaining the supplies or services to be provided 24 in an economically practicable manner. > 25 -1- SF 507.1159.H (1) 90 md 1/ 1 #1. #2. #3. #4.