1.1       .................... moves to amend H. F. No. 2362, the first engrossment, as follows:
1.2      Page 69, after line 11, insert: 

1.3          ”Sec. 7. [422A.27] ADDITIONAL INVESTMENT AUTHORITY.
1.4      In addition to investment authority specified in other law, assets of the fund may 
1.5      be invested in domestic government and corporate debt obligations that are not rated in 
1.6      the top four quality categories by a nationally recognized rating agency, and comparable 
1.7      unrated securities if the percentage of these assets does not exceed five percent of the total 
1.8      assets of the fund or 15 percent of the fund's non-equity assets, whichever is less, the 
1.9      fund's participation is limited to 50 percent of a single offering of the debt obligations, and 
1.10     the fund's participation is limited to 25 percent of an issuer's debt obligations that are not 
1.11     rated in the top four quality categories.”
1.12     Page 69, line 15, delete ”7” and insert ”8”
1.13     Renumber the sections in sequence and correct the internal references 
1.14     Amend the title accordingly