H1177B3870A08828 SFL:SRA 06/28/14 #90 A08828
AMENDMENTS TO HOUSE BILL NO. 1177
Sponsor: SENATOR SCARNATI
Printer's No. 3870
1Amend Bill, page 1, line 5, by inserting after "counties;"
2 further providing for investment authority funds;
3Amend Bill, page 6, by inserting between lines 6 and 7
4Section 2. Section 5611(d) of Title 53 is amended by adding
5a paragraph to read:
6§ 5611. Investment of authority funds.
7* * *
8(d) Types.--Authorized types of investments for authority
9funds shall be:
10* * *
11(7) Commercial paper rated in the highest rating
12category, without reference to a subcatagory, by a rating
13agency. This paragraph shall only apply to an airport
14authority board in a county of the second class.
15* * *
16Amend Bill, page 6, line 7, by striking out "2" and inserting
17 3
18Amend Bill, page 6, line 12, by striking out "3" and
19inserting
20 4
21Amend Bill, page 10, line 9, by striking out "4" and
22inserting
23 5