View Amendment Current Amendment: 394C027.DKA.SA17.docx to Bill 394     Senator SETZLER proposed the following amendment (SA\394C027.DKA.SA17):
    Amend the bill, as and if amended, SECTION 13, page 22, by striking Section 9-1-1320(A) and inserting:

/     (A)     The State Treasurer board shall be is the custodian of the funds assets of the Retirement System as 'assets' and 'retirement system' are defined in Section 9-16-10(1) and (8), and the Retirement System Investment Commission has the exclusive authority to select the custodial bank, provided, however, that the Public Employee Benefit Authority is a third-party beneficiary of the contract with the custodial bank with full rights to information under them. In addition the State Fiscal Accountability Authority (SFAA) is a third party beneficiary of the contract with the custodial bank for purposes of receiving information only. All payments from such funds shall be made by him only upon vouchers signed by two persons designated by the Board. The custodial banking agreement may provide for electronic signatory approval.             /

    Renumber sections to conform.
    Amend title to conform.