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.