H1962B4477A07725 MSP:NLG 10/19/20 #90 A07725
AMENDMENTS TO HOUSE BILL NO. 1962
Sponsor: SENATOR BROWNE
Printer's No. 4477
Amend Bill, page 2, line 7, by striking out "FIRST"
Amend Bill, page 2, line 9, by striking out the period after
"STANDARDS" and inserting
within 90 days of appointment to the Committee. The 16
hours of training are inclusive of the hours indicated for
board training. The Committee on Sponsoring Organizations
Enterprise risk management guidelines may be considered as a
guide to the training. Individuals who are members of the
Audit/Compliance Committee on the effective date of this
paragraph shall be exempt from the initial 16-hour
requirement.
Amend Bill, page 2, line 15, by striking out "SHALL
ESTABLISH" and inserting
may establish
Amend Bill, page 2, line 18, by inserting after "COMMITTEE"
where it occurs the second time
, the chair of the Investment Committee
Amend Bill, page 2, line 19, by inserting after "COMMITTEE"
or other members of the Board as determined by the board
Amend Bill, page 2, line 20, by inserting after "ESTABLISH"
a function within the investment committee of
Amend Bill, page 2, line 21, by striking out "COMMITTEE" and
inserting
capability
Amend Bill, page 6, line 20, by striking out "FIRST"
Amend Bill, page 6, line 21, by striking out the period after
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"STANDARDS" and inserting
within 90 days of appointment to the committee. The 16
hours of training are inclusive of the hours indicated for
board training. The committee on sponsoring organizations
enterprise risk management guidelines may be considered as a
guide to the training. Individuals who are members of the
Audit Risk and Compliance Committee on the effective date of
this paragraph shall be exempt from the initial 16-hour
requirement.
Amend Bill, page 6, line 27, by striking out "SHALL" and
inserting
may
Amend Bill, page 6, line 30, by inserting after "COMMITTEE"
, the chair of the Investment Committee
Amend Bill, page 7, line 1, by inserting after "COMMITTEE"
or other members of the board as determined by the board
Amend Bill, page 7, line 2, by inserting after "ESTABLISH"
a function within the Investment Committee of
Amend Bill, page 7, line 3, by striking out "COMMITTEE" and
inserting
capability
Amend Bill, page 10, line 23, by striking out "2020" and
inserting
2022
Amend Bill, page 10, line 25, by striking out "2019" and
inserting
2021
Amend Bill, page 10, line 28, by striking out "2020" and
inserting
2021
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