Illinois General Assembly - Full Text of SB1534
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Full Text of SB1534  102nd General Assembly

SB1534ham003 102ND GENERAL ASSEMBLY

Rep. Michael J. Zalewski

Filed: 3/31/2022

 

 


 

 


 
10200SB1534ham003LRB102 10353 LNS 38332 a

1
AMENDMENT TO SENATE BILL 1534

2    AMENDMENT NO. ______. Amend Senate Bill 1534, AS AMENDED,
3with reference to page and line numbers of House Amendment No.
41, on page 17, line 1, after the period, by inserting "The
5total return distribution shall not exceed 5% of the average
6fair market value of the fund assets in a given calendar
7year."; and
 
8on page 17, immediately below line 15, by inserting the
9following:
10        "(2) if the average fair market value of the care fund
11    declines by more than 30% during a rolling 5-year
12    period;"; and
 
13on page 17, line 16, by replacing "(2)" with "(3)"; and
 
14on page 17, line 21, by replacing "(3)" with "(4)"; and
 

 

 

10200SB1534ham003- 2 -LRB102 10353 LNS 38332 a

1on page 17, line 24, by replacing "(4)" with "(5)".