investment, then the recipient shall, not later than 1 year after the return realized exceeds the cap
under this subdivision, distribute an amount equal to 10% of that return to the state treasurer for
deposit to the general fund in this state.”.
The motion was seconded and the amendment was adopted, a majority of the members serving voting
therefor.
The question being on the passage of the bill,
Rep. Farhat moved to amend the bill as follows:
1. Amend page 13, line 9, after “least” by striking out “15%” and inserting “5%”.
The motion was seconded and the amendment was adopted, a majority of the members serving voting
therefor.
The question being on the passage of the bill,
The bill was then passed, a majority of the members serving voting therefor, by yeas and nays, as follows: