HB 1306-3_ Filed 03/28/2005, 10:25 Dillon

SENATE MOTION


MADAM PRESIDENT:

    I move that Engrossed House Bill 1306 be amended to read as follows:

    Page 1, line 5, after "Sec. 1." insert " (a)".
    Page 1, between lines 7 and 8, begin a new paragraph and insert:
    " (b) The term does not include the following:
(1) Ownership of investment securities (including shares or bonds, debentures, notes, or other debt instruments) which may be purchased on terms generally available to the public and which are:
(A) securities:
(i) listed on the New York Stock Exchange, the American Stock Exchange, any regional exchange in which quotations are published on a daily basis, or foreign securities listed on a recognized foreign, national, or regional exchange in which quotations are published on a daily basis; or
(ii) traded under the National Association of Securities Dealers, Inc. Automated Quotations System; and
(B) in a corporation that had, at the end of the corporation's most recent fiscal year, or on average during the previous three (3) fiscal years, stockholder equity exceeding seventy-five million dollars ($75,000,000).
(2) Ownership of shares in a regulated investment company as defined in section 851(a) of the Internal Revenue Code of 1986, if such company had, at the end of the company's most recent fiscal year, or on average during the previous three (3)

fiscal years, total assets exceeding seventy-five million dollars ($75,000,000).".
(Reference is to EHB 1306 as printed March 18, 2005.)

________________________________________

Senator DILLON


RS 130605/DI jhm
2005