Nebraska 2024 1st Special Session

Nebraska Legislature Bill LB68 Compare Versions

Only one version of the bill is available at this time.
OldNewDifferences
11 /(*,6/$785(2)1(%5$6.$
22 21(+81'5('(,*+7+/(*,6/$785(
33 ),56763(&,$/6(66,21
44 /(*,6/$7,9(%,//
55 b
66 ,QWURGXFHGE\ :D\QH
77 5HDGILUVWWLPH-XO\
88 &RPPLWWHH
99 $ %,// )25 $1 $&7 UHODWLQJ WR ODZ WR DPHQG VHFWLRQV   DQG
1010  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND DQG VHFWLRQ
1111  5HYLVHG 6WDWXWHV &XPXODWLYH 6XSSOHPHQW  WR DGRSW
1212 WKH $LG WR 0XQLFLSDOLWLHV $FW WR FUHDWH D IXQG WR FKDQJH
1313 SURYLVLRQV UHODWLQJ WR FHUWDLQ WD[HV LPSRVHG RQ WKH DYHUDJH
1414 ZKROHVDOH SULFH RI JDVROLQH WR SURYLGH IRU WKH XVH RI FHUWDLQ WD[
1515 SURFHHGV WR KDUPRQL]H SURYLVLRQV WR SURYLGH D GXW\ IRU WKH 5HYLVRU
1616 RI 6WDWXWHV WR SURYLGH DQ RSHUDWLYH GDWH DQG WR UHSHDO WKH
1717 RULJLQDOVHFWLRQV
1818 %HLWHQDFWHGE\WKHSHRSOHRIWKH6WDWHRI1HEUDVND
1919 /%
2020 
2121 /%
2222 
2323  6HFWLRQ   6HFWLRQV  WR  RI WKLV DFW VKDOO EH NQRZQ DQG PD\ EH
2424 FLWHGDVWKH$LGWR0XQLFLSDOLWLHV$FW
2525 6HF   7KH SXUSRVH RI WKH $LG WR 0XQLFLSDOLWLHV $FW LV WR SURYLGH
2626 VWDWH DLG WR PXQLFLSDOLWLHV LQ WKH IRUP RI JUDQWV ZKLFK PD\ EH XVHG WR
2727 SD\IRULQIUDVWUXFWXUHSURMHFWVZLWKLQWKHPXQLFLSDOLWLHV
2828 6HFb )RUSXUSRVHVRIWKH$LGWR0XQLFLSDOLWLHV$FW
2929  'HSDUWPHQWPHDQVWKH'HSDUWPHQWRI(FRQRPLF'HYHORSPHQW
3030   ,QIUDVWUXFWXUH SURMHFW PHDQV DQ\ RI WKH IROORZLQJ SURMHFWV RU
3131 DQ\FRPELQDWLRQWKHUHRIWREHRZQHGRURSHUDWHGE\DPXQLFLSDOLW\6ROLG
3232 ZDVWH PDQDJHPHQW IDFLOLWLHV ZDVWHZDWHU VWRUP ZDWHU DQG ZDWHU WUHDWPHQW
3333 ZRUNV DQG V\VWHPV ZDWHU GLVWULEXWLRQ IDFLOLWLHV DQG ZDWHU UHVRXUFHV
3434 SURMHFWV LQFOXGLQJ EXW QRW OLPLWHG WR SXPSLQJ VWDWLRQV WUDQVPLVVLRQ
3535 OLQHV DQG PDLQV DQG WKHLU DSSXUWHQDQFHV KD]DUGRXV ZDVWH GLVSRVDO
3636 V\VWHPV UHVRXUFH UHFRYHU\ V\VWHPV DLUSRUWV SRUW IDFLOLWLHV EXLOGLQJV
3737 DQG FDSLWDO HTXLSPHQW XVHG LQ WKH RSHUDWLRQV DQG DFWLYLWLHV RI PXQLFLSDO
3838 JRYHUQPHQW DQG WR SURYLGH VHUYLFHV WR WKH UHVLGHQWV RI WKH PXQLFLSDOLW\
3939 FRQYHQWLRQ DQG WRXULVP IDFLOLWLHV UHGHYHORSPHQW SURMHFWV DV GHILQHG LQ
4040 VHFWLRQ  DQG PDVV WUDQVLW DQG RWKHU WUDQVSRUWDWLRQ V\VWHPV
4141 LQFOXGLQJ SDUNLQJ IDFLOLWLHV DQG H[FOXGLQJ SXEOLF KLJKZD\V DQG EULGJHV
4242 DQGPXQLFLSDOURDGVVWUHHWVDQGEULGJHVDQG
4343  0XQLFLSDOLW\PHDQVDQ\FLW\RUYLOODJHLQWKLVVWDWH
4444 6HF     $ PXQLFLSDOLW\ PD\ DSSO\ IRU D JUDQW XQGHU WKH $LG WR
4545 0XQLFLSDOLWLHV $FW E\ VXEPLWWLQJ DQ DSSOLFDWLRQ WR WKH GHSDUWPHQW RQ D
4646 IRUPSUHVFULEHGE\WKHGHSDUWPHQW7KHDSSOLFDWLRQVKDOOLQFOXGH
4747 D 7KHDPRXQWRIJUDQWIXQGVUHTXHVWHGDQG
4848 E  $ GHVFULSWLRQ RI WKH LQIUDVWUXFWXUH SURMHFWV WR EH IXQGHG E\ WKH
4949 JUDQW
5050   7KH GHSDUWPHQW VKDOO FRQVLGHU DSSOLFDWLRQV LQ WKH RUGHU LQ ZKLFK
5151 WKH\ DUH UHFHLYHG DQG PD\ DSSURYH DSSOLFDWLRQV ZLWKLQ WKH OLPLWV RI
5252 DYDLODEOH DSSURSULDWLRQV H[FHSW WKDW LQ QR FDVH VKDOO DQ\ JUDQW H[FHHG
5353 WHQPLOOLRQGROODUV
5454 /%
5555 
5656 /%
5757 
5858    $ PXQLFLSDOLW\ UHFHLYLQJ D JUDQW XQGHU WKLV VHFWLRQ VKDOO XVH
5959 WKHJUDQWIXQGVH[FOXVLYHO\WR
6060 D  3D\ IRU WKH FRQVWUXFWLRQ DFTXLVLWLRQ RU HTXLSSLQJ RI
6161 LQIUDVWUXFWXUHSURMHFWVRUSRUWLRQVWKHUHRIRU
6262 E  3D\ SULQFLSDO LQWHUHVW SUHPLXP DQG FRVWV RI LVVXDQFH RQ ERQGV
6363 LVVXHG E\ WKH PXQLFLSDOLW\ WR ILQDQFH WKH FRQVWUXFWLRQ DFTXLVLWLRQ RU
6464 HTXLSSLQJRILQIUDVWUXFWXUHSURMHFWVRUSRUWLRQVWKHUHRI
6565   *UDQW IXQGV UHFHLYHG XQGHU WKLV VHFWLRQ VKDOO EH SODFHG LQ D
6666 VHSDUDWH IXQG DQG VKDOO QRW EH FRPPLQJOHG ZLWK RWKHU PRQH\ RI WKH
6767 PXQLFLSDOLW\
6868 6HF   7KH $LG WR 0XQLFLSDOLWLHV )XQG LV FUHDWHG 7KH GHSDUWPHQW
6969 VKDOO DGPLQLVWHU WKH IXQG 7KH IXQG VKDOO FRQVLVW RI PRQH\ FUHGLWHG
7070 SXUVXDQW WR VHFWLRQV  DQG  PRQH\ WUDQVIHUUHG E\ WKH
7171 /HJLVODWXUH DQG JLIWV JUDQWV RU EHTXHVWV IURP DQ\ VRXUFH LQFOXGLQJ
7272 IHGHUDO VWDWH SXEOLF DQG SULYDWH VRXUFHV 7KH IXQG PD\ EH XVHG PDNH
7373 JUDQWV XQGHU WKH $LG WR 0XQLFLSDOLWLHV $FW DQG WR GHIUD\ WKH
7474 DGPLQLVWUDWLYH H[SHQVHV LQFXUUHG E\ WKH GHSDUWPHQW LQ FDUU\LQJ RXW WKH
7575 DFW $Q\ PRQH\ LQ WKH IXQG DYDLODEOH IRU LQYHVWPHQW VKDOO EH LQYHVWHG E\
7676 WKH VWDWH LQYHVWPHQW RIILFHU SXUVXDQW WR WKH 1HEUDVND &DSLWDO ([SDQVLRQ
7777 $FWDQGWKH1HEUDVND6WDWH)XQGV,QYHVWPHQW$FW
7878 6HF   ,W LV WKH LQWHQW RI WKH /HJLVODWXUH WR DSSURSULDWH ;;
7979 GROODUV HDFK ILVFDO \HDU IRU SXUSRVHV RI FDUU\LQJ RXW WKH $LG WR
8080 0XQLFLSDOLWLHV$FW
8181 6HF   7KH GHSDUWPHQW PD\ DGRSW DQG SURPXOJDWH UXOHV DQG
8282 UHJXODWLRQVWRFDUU\RXWWKH$LGWR0XQLFLSDOLWLHV$FW
8383 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
8484 DPHQGHGWRUHDG
8585 b)RUSXUSRVHVRIVHFWLRQVWR
8686   $OORZDEOH JURZWK PHDQV D  IRU JRYHUQPHQWDO XQLWV RWKHU WKDQ
8787 FRPPXQLW\ FROOHJHV WKH SHUFHQWDJH LQFUHDVH LQ WD[DEOH YDOXDWLRQ LQ
8888 H[FHVV RI WKH EDVH OLPLWDWLRQ HVWDEOLVKHG XQGHU VHFWLRQ  LI DQ\
8989 /%
9090 
9191 /%
9292 
9393  GXH WR LPSURYHPHQWV WR UHDO SURSHUW\ DV D UHVXOW RI QHZ FRQVWUXFWLRQ
9494 DGGLWLRQV WR H[LVWLQJ EXLOGLQJV DQ\ LPSURYHPHQWV WR UHDO SURSHUW\ ZKLFK
9595 LQFUHDVHWKHYDOXHRIVXFKSURSHUW\DQGDQ\LQFUHDVHLQYDOXDWLRQGXHWR
9696 DQQH[DWLRQ DQG DQ\ SHUVRQDO SURSHUW\ YDOXDWLRQ RYHU WKH SULRU \HDU DQG
9797 E IRUFRPPXQLW\FROOHJHVWKHSHUFHQWDJHLQFUHDVHLQH[FHVVRIWKHEDVH
9898 OLPLWDWLRQLIDQ\LQIXOOWLPHHTXLYDOHQWVWXGHQWVIURPWKHVHFRQG\HDU
9999 WR WKH ILUVW \HDU SUHFHGLQJ WKH \HDU IRU ZKLFK WKH EXGJHW LV EHLQJ
100100 GHWHUPLQHG
101101   &DSLWDO LPSURYHPHQWV PHDQV D  DFTXLVLWLRQ RI UHDO SURSHUW\ RU
102102 E  DFTXLVLWLRQ FRQVWUXFWLRQ RU H[WHQVLRQ RI DQ\ LPSURYHPHQWV RQ UHDO
103103 SURSHUW\
104104  *RYHUQLQJERG\KDVWKHVDPHPHDQLQJDVLQVHFWLRQ
105105   *RYHUQPHQWDO XQLW PHDQV HYHU\ SROLWLFDO VXEGLYLVLRQ ZKLFK KDV
106106 DXWKRULW\ WR OHY\ D SURSHUW\ WD[ RU DXWKRULW\ WR UHTXHVW OHY\ DXWKRULW\
107107 XQGHU VHFWLRQ  H[FHSW VDQLWDU\ DQG LPSURYHPHQW GLVWULFWV ZKLFK
108108 KDYHEHHQLQH[LVWHQFHIRUILYH\HDUVRUOHVVDQGVFKRROGLVWULFWV
109109   4XDOLILHG VLQNLQJ IXQG PHDQV D IXQG RU IXQGV PDLQWDLQHG
110110 VHSDUDWHO\IURPWKHJHQHUDOIXQGWRSD\IRUDFTXLVLWLRQRUUHSODFHPHQWRI
111111 WDQJLEOHSHUVRQDOSURSHUW\ZLWKDXVHIXOOLIHRIILYH\HDUVRUPRUHZKLFK
112112 LV WR EH XQGHUWDNHQ LQ WKH IXWXUH EXW LV WR EH SDLG IRU LQ SDUW RU LQ
113113 WRWDOLQDGYDQFHXVLQJSHULRGLFSD\PHQWVLQWRWKHIXQG7KHWHUPLQFOXGHV
114114 VLQNLQJ IXQGV XQGHU VXEGLYLVLRQ   RI VHFWLRQ  IRU ILUHILJKWLQJ
115115 DQGUHVFXHHTXLSPHQWRUDSSDUDWXV
116116   5HVWULFWHG IXQGV PHDQV D  SURSHUW\ WD[ H[FOXGLQJ DQ\ DPRXQWV
117117 UHIXQGHG WR WD[SD\HUV E  SD\PHQWV LQ OLHX RI SURSHUW\ WD[HV F  ORFDO
118118 RSWLRQVDOHVWD[HV G PRWRUYHKLFOHWD[HV H VWDWHDLG I WUDQVIHUV
119119 RI VXUSOXVHV IURP DQ\ XVHU IHH SHUPLW IHH RU UHJXODWRU\ IHH LI WKH IHH
120120 VXUSOXVLVWUDQVIHUUHGWRIXQGDVHUYLFHRUIXQFWLRQQRWGLUHFWO\UHODWHG
121121 WR WKH IHH DQG WKH FRVWV RI WKH DFWLYLW\ IXQGHG IURP WKH IHH J  DQ\
122122 IXQGVH[FOXGHGIURPUHVWULFWHGIXQGVIRUWKHSULRU\HDUEHFDXVHWKH\ZHUH
123123 EXGJHWHG IRU FDSLWDO LPSURYHPHQWV EXW ZKLFK ZHUH QRW VSHQW DQG DUH QRW
124124 /%
125125 
126126 /%
127127 
128128  H[SHFWHG WR EH VSHQW IRU FDSLWDO LPSURYHPHQWV K  WKH WD[ SURYLGHG LQ
129129 VHFWLRQV  WR  EHJLQQLQJ LQ WKH VHFRQG ILVFDO \HDU LQ
130130 ZKLFKWKHFRXQW\ZLOOUHFHLYHDIXOO\HDURIUHFHLSWVDQG L DQ\H[FHVV
131131 WD[ FROOHFWLRQV UHWXUQHG WR WKH FRXQW\ XQGHU VHFWLRQ  )XQGV
132132 UHFHLYHG SXUVXDQW WR WKH QDPHSODWH FDSDFLW\ WD[ OHYLHG XQGHU VHFWLRQ
133133  IRU WKH ILUVW ILYH \HDUV DIWHU D UHQHZDEOH HQHUJ\ JHQHUDWLRQ
134134 IDFLOLW\KDVEHHQFRPPLVVLRQHGDUHQRQUHVWULFWHGIXQGVDQG
135135  6WDWHDLGPHDQV
136136 D  )RU DOO JRYHUQPHQWDO XQLWV VWDWH DLG SDLG SXUVXDQW WR VHFWLRQV
137137  DQG  DQG UHLPEXUVHPHQW SURYLGHG SXUVXDQW WR VHFWLRQ
138138 
139139 E  )RU PXQLFLSDOLWLHV VWDWH DLG WR PXQLFLSDOLWLHV SDLG SXUVXDQW WR
140140 WKH $LG WR 0XQLFLSDOLWLHV $FW DQG VHFWLRQV  WR  
141141 DQGDQGLQVXUDQFHSUHPLXPWD[SDLGWRPXQLFLSDOLWLHV
142142 F  )RU FRXQWLHV VWDWH DLG WR FRXQWLHV SDLG SXUVXDQW WR VHFWLRQV
143143  WR  LQVXUDQFH SUHPLXP WD[ SDLG WR FRXQWLHV DQG
144144 UHLPEXUVHPHQWV WR FRXQWLHV IURP IXQGV DSSURSULDWHG SXUVXDQW WR VHFWLRQ
145145 
146146 G  )RU FRPPXQLW\ FROOHJHV VWDWH DLG WR FRPPXQLW\ FROOHJHV SDLG
147147 SXUVXDQWWRWKH&RPPXQLW\&ROOHJH$LG$FW
148148 H  )RU HGXFDWLRQDO VHUYLFH XQLWV VWDWH DLG DSSURSULDWHG XQGHU
149149 VHFWLRQVDQGDQG
150150 I  )RU ORFDO SXEOLF KHDOWK GHSDUWPHQWV DV GHILQHG LQ VHFWLRQ
151151 VWDWHDLGDVGLVWULEXWHGXQGHUVHFWLRQ
152152 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
153153 DPHQGHGWRUHDG
154154 b 7KH $XGLWRU RI 3XEOLF $FFRXQWV VKDOO SUHSDUH EXGJHW GRFXPHQWV
155155 WR EH VXEPLWWHG E\ JRYHUQPHQWDO XQLWV ZKLFK FDOFXODWH WKH UHVWULFWHG
156156 IXQGV DXWKRULW\ IRU HDFK JRYHUQPHQWDO XQLW (DFK JRYHUQPHQWDO XQLW VKDOO
157157 VXEPLW LWV FDOFXODWHG UHVWULFWHG IXQGV DXWKRULW\ ZLWK LWV EXGJHW
158158 GRFXPHQWV DW WKH WLPH WKH EXGJHWV DUH GXH WR WKH $XGLWRU RI 3XEOLF
159159 /%
160160 
161161 /%
162162 
163163  $FFRXQWV ,I WKH $XGLWRU RI 3XEOLF $FFRXQWV GHWHUPLQHV IURP WKH EXGJHW
164164 GRFXPHQWV WKDW D JRYHUQPHQWDO XQLW LV QRW FRPSO\LQJ ZLWK WKH EXGJHW
165165 OLPLWV SURYLGHG LQ VHFWLRQV  WR  KH RU VKH VKDOO QRWLI\ WKH
166166 JRYHUQLQJERG\RIKLVRUKHUGHWHUPLQDWLRQDQGQRWLI\WKH6WDWH7UHDVXUHU
167167 DQG WKH 'HSDUWPHQW RI (FRQRPLF 'HYHORSPHQW RI WKH QRQFRPSOLDQFH 7KH
168168 6WDWH 7UHDVXUHU DQG WKH GHSDUWPHQW VKDOO WKHQ VXVSHQG GLVWULEXWLRQ RI
169169 VWDWH DLG DOORFDWHG WR WKH JRYHUQPHQWDO XQLW XQWLO VXFK VHFWLRQV DUH
170170 FRPSOLHG ZLWK 7KH IXQGV VKDOO EH KHOG IRU VL[ PRQWKV XQWLO WKH
171171 JRYHUQPHQWDO XQLW FRPSOLHV DQG LI WKH JRYHUQPHQWDO XQLW FRPSOLHV ZLWKLQ
172172 WKHVL[PRQWKSHULRGLWVKDOOUHFHLYHWKHVXVSHQGHGIXQGVEXWDIWHUVL[
173173 PRQWKV LI WKH JRYHUQPHQWDO XQLW IDLOV WR FRPSO\ WKH VXVSHQGHG IXQGV
174174 VKDOO EH IRUIHLWHG DQG VKDOO EH UHGLVWULEXWHG WR RWKHU UHFLSLHQWV RI WKH
175175 VWDWH DLG RU LQ WKH FDVH RI KRPHVWHDG H[HPSWLRQ UHLPEXUVHPHQW UHWXUQHG
176176 WRWKH*HQHUDO)XQG
177177 6HF  6HFWLRQ  5HYLVHG 6WDWXWHV &XPXODWLYH 6XSSOHPHQW
178178 LVDPHQGHGWRUHDG
179179    )RU WD[ SHULRGV EHJLQQLQJ RQ DQG DIWHU -XO\  
180180 DW WKH WLPH RI ILOLQJ WKH UHWXUQ UHTXLUHG E\ VHFWLRQ  WKH
181181 SURGXFHU VXSSOLHU GLVWULEXWRU ZKROHVDOHU RU LPSRUWHU VKDOO LQ
182182 DGGLWLRQWRWKHRWKHUWD[HVSURYLGHGIRUE\ODZSD\DWD[DWWKHUDWHRI
183183 ILYH SHUFHQW RI WKH DYHUDJH ZKROHVDOH SULFH RI JDVROLQH IRU WKH JDOORQV
184184 RI WKH PRWRU IXHOV DV VKRZQ E\ WKH UHWXUQ H[FHSW WKDW WKHUH VKDOO EH QR
185185 WD[ RQ WKH PRWRU IXHOV UHSRUWHG LI WKH\ DUH RWKHUZLVH H[HPSWHG E\
186186 VHFWLRQVWR
187187   7KH PLQLPXP DYHUDJH ZKROHVDOH SULFH RI JDVROLQH WR EH XVHG WR
188188 FDOFXODWH WKH WD[ XQGHU VXEVHFWLRQ   RI WKLV VHFWLRQ IRU WD[ SHULRGV
189189 EHJLQQLQJRQDQGDIWHU-DQXDU\VKDOOEHWZRGROODUVDQGVHYHQW\
190190 ILYHFHQWV 7KHGHSDUWPHQWVKDOOFDOFXODWHWKHDYHUDJHZKROHVDOHSULFHRI
191191 JDVROLQH RQ $SULO   DQG RQ HDFK $SULO  DQG 2FWREHU  WKHUHDIWHU
192192 7KHDYHUDJHZKROHVDOHSULFHRQ$SULOVKDOODSSO\WRUHWXUQVIRUWKHWD[
193193 SHULRGVEHJLQQLQJRQDQGDIWHU-XO\DQGWKHDYHUDJHZKROHVDOHSULFHRQ
194194 /%
195195 
196196 /%
197197 
198198  2FWREHU  VKDOO DSSO\ WR UHWXUQV IRU WKH WD[ SHULRGV EHJLQQLQJ RQ DQG
199199 DIWHU -DQXDU\  7KH DYHUDJH ZKROHVDOH SULFH VKDOO EH GHWHUPLQHG XVLQJ
200200 GDWDDYDLODEOHIURPWKH'HSDUWPHQWRI(QYLURQPHQWDQG(QHUJ\DQGVKDOOEH
201201 DQ DYHUDJH ZKROHVDOH SULFH SHU JDOORQ RI JDVROLQH VROG LQ WKH VWDWH RYHU
202202 WKH SUHYLRXV VL[PRQWK SHULRG H[FOXGLQJ DQ\ VWDWH RU IHGHUDO H[FLVH WD[
203203 RUHQYLURQPHQWDOIHHV H[FHSWWKDWLQQRFDVHVKDOOWKHDYHUDJHZKROHVDOH
204204 SULFH RI JDVROLQH EH OHVV WKDQ WKH PLQLPXP DPRXQW UHTXLUHG XQGHU WKLV
205205 VXEVHFWLRQ  7KH FKDQJH LQ WKH DYHUDJH ZKROHVDOH SULFH EHWZHHQ WZR VL[
206206 PRQWK SHULRGV VKDOO EH DGMXVWHG VR WKDW WKH LQFUHDVH RU GHFUHDVH LQ WKH
207207 WD[ SURYLGHG IRU LQ WKLV VHFWLRQ RU VHFWLRQ  GRHV QRW H[FHHG
208208 RQHFHQWSHUJDOORQ
209209   7ZHQW\ILYH SHUFHQW RI DOO  $OO VXPV RI PRQH\ UHFHLYHG XQGHU WKLV
210210 VHFWLRQ VKDOO EH FUHGLWHG WR WKH $LG WR 0XQLFLSDOLWLHV )XQG DQG WKH
211211 UHPDLQLQJ VHYHQW\ILYH SHUFHQW WR WKH +LJKZD\ 7UXVW )XQG &UHGLWV DQG
212212 UHIXQGV RI VXFK WD[ DOORZHG WR SURGXFHUV VXSSOLHUV GLVWULEXWRUV
213213 ZKROHVDOHUV RU LPSRUWHUV VKDOO EH SDLG IURP WKH +LJKZD\ 7UXVW )XQG 7KH
214214 EDODQFH RI WKH DPRXQW FUHGLWHG  WR WKH +LJKZD\ 7UXVW )XQG DIWHU FUHGLWV
215215 DQGUHIXQGVVKDOOEHDOORFDWHGDVIROORZV
216216 D  6L[W\VL[ SHUFHQW WR WKH +LJKZD\ &DVK )XQG IRU WKH 'HSDUWPHQW RI
217217 7UDQVSRUWDWLRQ  7KH GHSDUWPHQW VKDOO XVH DW OHDVW WKLUW\ILYH SHUFHQW RI
218218 WKH DPRXQW DOORFDWHG XQGHU WKLV VXEGLYLVLRQ WR SD\ IRU VXUIDFH
219219 WUDQVSRUWDWLRQ SURMHFWV DV GHILQHG LQ VHFWLRQ  RI WKH KLJKHVW
220220 SULRULW\DVGHWHUPLQHGE\WKHGHSDUWPHQW
221221 E  6HYHQWHHQ SHUFHQW WR WKH +LJKZD\ $OORFDWLRQ )XQG IRU DOORFDWLRQ
222222 WRWKHYDULRXVFRXQWLHVIRUURDGSXUSRVHVDQG
223223 F  6HYHQWHHQ SHUFHQW WR WKH +LJKZD\ $OORFDWLRQ )XQG IRU DOORFDWLRQ
224224 WRWKHYDULRXVPXQLFLSDOLWLHVIRUVWUHHWSXUSRVHV
225225 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND
226226 LVDPHQGHGWRUHDG
227227 b   )RU WD[ SHULRGV EHJLQQLQJ RQ DQG DIWHU -XO\  
228228 DW WKH WLPH RI ILOLQJ WKH UHWXUQ UHTXLUHG E\ VHFWLRQ  WKH
229229 /%
230230 
231231 /%
232232 
233233  UHWDLOHUVKDOOLQDGGLWLRQWRWKHRWKHUWD[HVSURYLGHGIRUE\ODZSD\D
234234 WD[ DW WKH UDWH RI ILYH SHUFHQW RI WKH DYHUDJH ZKROHVDOH SULFH RI
235235 JDVROLQH FDOFXODWHG SXUVXDQW WR VHFWLRQ  IRU WKH JDOORQV RI WKH
236236 FRPSUHVVHGIXHODVVKRZQE\WKHUHWXUQH[FHSWWKDWWKHUHVKDOOEHQRWD[
237237 RQ WKH FRPSUHVVHG IXHO UHSRUWHG LI LW LV RWKHUZLVH H[HPSWHG E\ WKH
238238 &RPSUHVVHG)XHO7D[$FW
239239   7ZHQW\ILYH SHUFHQW RI DOO  $OO VXPV RI PRQH\ UHFHLYHG XQGHU WKLV
240240 VHFWLRQ VKDOO EH FUHGLWHG WR WKH $LG WR 0XQLFLSDOLWLHV )XQG DQG WKH
241241 UHPDLQLQJ VHYHQW\ILYH SHUFHQW WR WKH +LJKZD\ 7UXVW )XQG &UHGLWV DQG
242242 UHIXQGV RI VXFK WD[ DOORZHG WR SURGXFHUV VXSSOLHUV GLVWULEXWRUV
243243 ZKROHVDOHUV RU LPSRUWHUV VKDOO EH SDLG IURP WKH +LJKZD\ 7UXVW )XQG 7KH
244244 EDODQFH RI WKH DPRXQW FUHGLWHG  WR WKH +LJKZD\ 7UXVW )XQG DIWHU FUHGLWV
245245 DQGUHIXQGVVKDOOEHDOORFDWHGDVIROORZV
246246 D  6L[W\VL[ SHUFHQW WR WKH +LJKZD\ &DVK )XQG IRU WKH 'HSDUWPHQW RI
247247 7UDQVSRUWDWLRQ  7KH GHSDUWPHQW VKDOO XVH DW OHDVW WKLUW\ILYH SHUFHQW RI
248248 WKH DPRXQW DOORFDWHG XQGHU WKLV VXEGLYLVLRQ WR SD\ IRU VXUIDFH
249249 WUDQVSRUWDWLRQ SURMHFWV DV GHILQHG LQ VHFWLRQ  RI WKH KLJKHVW
250250 SULRULW\DVGHWHUPLQHGE\WKHGHSDUWPHQW
251251 E  6HYHQWHHQ SHUFHQW WR WKH +LJKZD\ $OORFDWLRQ )XQG IRU DOORFDWLRQ
252252 WRWKHYDULRXVFRXQWLHVIRUURDGSXUSRVHVDQG
253253 F  6HYHQWHHQ SHUFHQW WR WKH +LJKZD\ $OORFDWLRQ )XQG IRU DOORFDWLRQ
254254 WRWKHYDULRXVPXQLFLSDOLWLHVIRUVWUHHWSXUSRVHV
255255 6HF   7KH 5HYLVRU RI 6WDWXWHV VKDOO DVVLJQ VHFWLRQV  WR  RI
256256 WKLVDFWWRDQHZDUWLFOHLQ&KDSWHU
257257 6HFb7KLVDFWEHFRPHVRSHUDWLYHRQ-DQXDU\
258258 6HF   2ULJLQDO VHFWLRQV   DQG  5HLVVXH
259259 5HYLVHG 6WDWXWHV RI 1HEUDVND DQG VHFWLRQ  5HYLVHG 6WDWXWHV
260260 &XPXODWLYH6XSSOHPHQWDUHUHSHDOHG
261261 /%
262262 
263263 /%
264264 
265265