2001 REGULAR SESSION (71st)                                                                     A AB564 R2 1228

Amendment No. 1228

 

Senate Amendment to Assembly Bill No. 564  Second Reprint                                         (BDR 23‑1346)

Proposed by: Committee on Finance

Amendment Box: Resolves conflict with S.B. No. 298. Makes substantive changes.

Resolves Conflicts with: SB298

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend section 1, page 2, line 2, by deleting “shall” and inserting “may”.

     Amend section 1, page 2, by deleting lines 32 through 39 and inserting:

     “[(g)] (h) Appoint an independent certified public accountant. The accountant shall:

          (1) Provide anannual audit of the program; and

          (2) Report to the board and the interim retirement and benefits committee of the legislature created pursuant to NRS 218.5373.

     [(h)] (i) Appoint an attorney who specializes in employee benefits. The attorney shall:

          (1) Perform a biennial review of the program to determine whether the program complies with federal and state laws relating to taxes and employee benefits; and

          (2) Report to the board and the interim retirement and benefits committee of the legislature created pursuant to NRS 218.5373.”.

     Amend section 1, page 3, line 15, by deleting:

“state employee pursuant to this title” and inserting “public employee”.

     Amend sec. 2, page 3, line 37, by deleting “unless provision” and inserting:

“unless:

     (a) Provision”.

     Amend sec. 2, page 3, between lines 40 and 41, by inserting:

     “(b) The rates set forth in the contract are based on the commingled claims experience of active and retired state officers and employees and their dependents.”.