Nebraska 2025-2026 Regular Session

Nebraska Legislature Bill LB711 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('1,17+/(*,6/$785(
33 ),5676(66,21
44 /(*,6/$7,9(%,//
55 b
66 ,QWURGXFHGE\ +XQW
77 5HDGILUVWWLPH-DQXDU\
88 &RPPLWWHH
99 $ %,// )25 $1 $&7 UHODWLQJ WR WKH 7D[ (TXLW\ DQG (GXFDWLRQDO
1010 2SSRUWXQLWLHV 6XSSRUW $FW WR DPHQG VHFWLRQV  
1111     DQG  5HLVVXH
1212 5HYLVHG 6WDWXWHV RI 1HEUDVND WR FKDQJH SURYLVLRQV UHODWLQJ WR WKH
1313 QHZ VFKRRO DGMXVWPHQW DQG FHUWLILFDWLRQ GDWHV WR KDUPRQL]H
1414 SURYLVLRQV WR UHSHDO WKH RULJLQDO VHFWLRQV DQG WR GHFODUH DQ
1515 HPHUJHQF\
1616 %HLWHQDFWHGE\WKHSHRSOHRIWKH6WDWHRI1HEUDVND
1717 /%
1818 
1919 /%
2020 
2121  6HFWLRQ  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND
2222 LVDPHQGHGWRUHDG
2323    ([FHSW DV RWKHUZLVH SURYLGHG LQ WKLV VHFWLRQ HDFK
2424 VFKRRO GLVWULFWV IRUPXOD QHHG VKDOO HTXDO WKH GLIIHUHQFH RI WKH VXP RI
2525 WKH VFKRRO GLVWULFWV EDVLF IXQGLQJ SRYHUW\ DOORZDQFH OLPLWHG (QJOLVK
2626 SURILFLHQF\ DOORZDQFH IRFXV VFKRRO DQG SURJUDP DOORZDQFH VXPPHU VFKRRO
2727 DOORZDQFH VSHFLDO UHFHLSWV DOORZDQFH WUDQVSRUWDWLRQ DOORZDQFH
2828 HOHPHQWDU\ VLWH DOORZDQFH GLVWDQFH HGXFDWLRQ DQG WHOHFRPPXQLFDWLRQV
2929 DOORZDQFH FRPPXQLW\ DFKLHYHPHQW SODQ DOORZDQFH DYHUDJLQJ DGMXVWPHQW
3030 QHZ FRPPXQLW\ DFKLHYHPHQW SODQ DGMXVWPHQW VWXGHQW JURZWK DGMXVWPHQW DQ\
3131 SRVLWLYH VWXGHQW JURZWK DGMXVWPHQW FRUUHFWLRQ DQG QHZ VFKRROV  VFKRRO
3232 DGMXVWPHQW PLQXV WKH VXP RI WKH OLPLWHG (QJOLVK SURILFLHQF\ DOORZDQFH
3333 FRUUHFWLRQ SRYHUW\ DOORZDQFH FRUUHFWLRQ DQG DQ\ QHJDWLYH VWXGHQW JURZWK
3434 DGMXVWPHQWFRUUHFWLRQ
3535   ,I WKH IRUPXOD QHHG FDOFXODWHG IRU D VFKRRO GLVWULFW SXUVXDQW WR
3636 VXEVHFWLRQ   RI WKLV VHFWLRQ LV OHVV WKDQ RQH KXQGUHG SHUFHQW RI WKH
3737 IRUPXOD QHHG IRU VXFK GLVWULFW IRU WKH VFKRRO ILVFDO \HDU LPPHGLDWHO\
3838 SUHFHGLQJ WKH VFKRRO ILVFDO \HDU IRU ZKLFK DLG LV EHLQJ FDOFXODWHG WKH
3939 IRUPXOD QHHG IRU VXFK GLVWULFW VKDOO HTXDO RQH KXQGUHG SHUFHQW RI WKH
4040 IRUPXOD QHHG IRU VXFK GLVWULFW IRU WKH VFKRRO ILVFDO \HDU LPPHGLDWHO\
4141 SUHFHGLQJWKHVFKRROILVFDO\HDUIRUZKLFKDLGLVEHLQJFDOFXODWHG
4242   ,I WKH IRUPXOD QHHG FDOFXODWHG IRU D VFKRRO GLVWULFW SXUVXDQW WR
4343 VXEVHFWLRQ  RIWKLVVHFWLRQLVPRUHWKDQRQHKXQGUHGWZHOYHSHUFHQWRI
4444 WKHIRUPXODQHHGIRUVXFKGLVWULFWIRUWKHVFKRROILVFDO\HDULPPHGLDWHO\
4545 SUHFHGLQJ WKH VFKRRO ILVFDO \HDU IRU ZKLFK DLG LV EHLQJ FDOFXODWHG WKH
4646 IRUPXOD QHHG IRU VXFK GLVWULFW VKDOO HTXDO RQH KXQGUHG WZHOYH SHUFHQW RI
4747 WKHIRUPXODQHHGIRUVXFKGLVWULFWIRUWKHVFKRROILVFDO\HDULPPHGLDWHO\
4848 SUHFHGLQJ WKH VFKRRO ILVFDO \HDU IRU ZKLFK DLG LV EHLQJ FDOFXODWHG
4949 H[FHSW WKDW WKH IRUPXOD QHHG VKDOO QRW EH UHGXFHG SXUVXDQW WR WKLV
5050 VXEVHFWLRQIRUDQ\GLVWULFWUHFHLYLQJDVWXGHQWJURZWKDGMXVWPHQWIRUWKH
5151 VFKRROILVFDO\HDUIRUZKLFKDLGLVEHLQJFDOFXODWHG
5252 /%
5353 
5454 /%
5555 
5656    )RU SXUSRVHV RI VXEVHFWLRQV   DQG   RI WKLV VHFWLRQ WKH
5757 IRUPXOD QHHG IRU WKH VFKRRO ILVFDO \HDU LPPHGLDWHO\ SUHFHGLQJ WKH VFKRRO
5858 ILVFDO \HDU IRU ZKLFK DLG LV EHLQJ FDOFXODWHG VKDOO EH WKH IRUPXOD QHHG
5959 XVHG LQ WKH ILQDO FDOFXODWLRQ RI DLG SXUVXDQW WR VHFWLRQ  DQG IRU
6060 GLVWULFWV WKDW ZHUH DIIHFWHG E\ D UHRUJDQL]DWLRQ ZLWK DQ HIIHFWLYH GDWH
6161 LQ WKH FDOHQGDU \HDU SUHFHGLQJ WKH FDOHQGDU \HDU LQ ZKLFK DLG LV
6262 FHUWLILHG IRU WKH VFKRRO ILVFDO \HDU IRU ZKLFK DLG LV EHLQJ FDOFXODWHG
6363 WKH IRUPXOD QHHG IRU WKH VFKRRO ILVFDO \HDU LPPHGLDWHO\ SUHFHGLQJ WKH
6464 VFKRRO ILVFDO \HDU IRU ZKLFK DLG LV EHLQJ FDOFXODWHG VKDOO EH DWWULEXWHG
6565 WR WKH DIIHFWHG VFKRRO GLVWULFWV EDVHG RQ LQIRUPDWLRQ SURYLGHG WR WKH
6666 GHSDUWPHQW E\ WKH VFKRRO GLVWULFWV RU SURSRUWLRQDOO\ EDVHG RQ WKH
6767 DGMXVWHG YDOXDWLRQ WUDQVIHUUHG LI VXIILFLHQW LQIRUPDWLRQ KDV QRW EHHQ
6868 SURYLGHGWRWKHGHSDUWPHQW
6969 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
7070 DPHQGHGWRUHDG
7171 b   )RU VFKRRO ILVFDO \HDU  DQG HDFK VFKRRO ILVFDO
7272 \HDU WKHUHDIWHU VFKRRO GLVWULFWV PD\ DSSO\ WR WKH GHSDUWPHQW IRU D WZR
7373 \HDU QHZ VFKRROV  VFKRRO  DGMXVWPHQW RQ D IRUP SUHVFULEHG E\ WKH
7474 GHSDUWPHQWRQRUEHIRUH2FWREHURIWKHVFKRROILVFDO\HDULPPHGLDWHO\
7575 SUHFHGLQJ WKH VFKRRO ILVFDO \HDU IRU ZKLFK WKH ILUVW\HDU QHZ VFKRROV
7676 VFKRRO DGMXVWPHQWZRXOGEHLQFOXGHGLQWKHFDOFXODWLRQRIVWDWHDLG6XFK
7777 IRUP VKDOO UHTXLUH HYLGHQFH RI UHFHQW DQG H[SHFWHG VWXGHQW JURZWK
7878 HYLGHQFHWKDW DQ\ D QHZEXLOGLQJRUWKHH[SDQVLRQRUUHPRGHOLQJRI DQ\ DQ
7979 H[LVWLQJ EXLOGLQJ WKDW LV EHLQJ XVHG DV WKH EDVLV IRU VXFK DGMXVWPHQW
8080 DSSOLFDWLRQ LV EHLQJ FRPSOHWHG WR SURYLGH DGGLWLRQDO VWXGHQW FDSDFLW\ WR
8181 DFFRPPRGDWHVXFKJURZWKDQGQRWWRUHSODFHDQH[LVWLQJEXLOGLQJHYLGHQFH
8282 WKDW WKH VFKRRO ILVFDO \HDU IRU ZKLFK WKH GLVWULFW ZRXOG UHFHLYH WKH
8383 ILUVW\HDUDGMXVWPHQWZLOOEHWKHILUVWIXOOVFKRROILVFDO\HDUIRUZKLFK
8484 VWXGHQWV ZLOO XWLOL]H VXFK DGGLWLRQDO FDSDFLW\ DQG HYLGHQFH RI WKH
8585 HVWLPDWHG DGGLWLRQDO VWXGHQW FDSDFLW\ WR EH SURYLGHG E\ WKH SURMHFW 2Q
8686 RU EHIRUH WKH LPPHGLDWHO\ IROORZLQJ 'HFHPEHU  WKH GHSDUWPHQW VKDOO
8787 /%
8888 
8989 /%
9090 
9191  DSSURYH WKH HVWLPDWHG DGGLWLRQDO FDSDFLW\ IRU XVH LQ WKH DGMXVWPHQW
9292 DSSURYH D PRGLILHG HVWLPDWHG DGGLWLRQDO FDSDFLW\ IRU XVH LQ WKH
9393 DGMXVWPHQW RU GHQ\ WKH DSSOLFDWLRQ EDVHG RQ WKH UHTXLUHPHQWV RI WKLV
9494 VHFWLRQ WKH HYLGHQFH VXEPLWWHG RQ WKH DSSOLFDWLRQ DQG DQ\ RWKHU
9595 LQIRUPDWLRQ SURYLGHG E\ WKH GHSDUWPHQW (DFK DSSURYDO VKDOO LQFOXGH DQ
9696 DSSURYHG HVWLPDWHG DGGLWLRQDO VWXGHQW FDSDFLW\ IRU DQ\  WKH  QHZ EXLOGLQJ
9797 7KHVWDWHERDUGVKDOOHVWDEOLVKSURFHGXUHVIRUDSSHDORIGHFLVLRQVRIWKH
9898 GHSDUWPHQWWRWKHVWDWHERDUGIRUILQDOGHWHUPLQDWLRQ
9999   7KH ILUVW\HDU QHZ VFKRROV  VFKRRO  DGMXVWPHQW IRU HDFK DSSURYHG
100100 GLVWULFW VKDOO HTXDO WKH VFKRRO GLVWULFWV EDVLF IXQGLQJ SHU IRUPXOD
101101 VWXGHQW PXOWLSOLHG E\ WZHQW\ SHUFHQW RI WKH DSSURYHG HVWLPDWHG DGGLWLRQDO
102102 VWXGHQW FDSDFLW\ 7KH VHFRQG\HDU QHZ VFKRROV  VFKRRO  DGMXVWPHQW IRU HDFK
103103 DSSURYHG GLVWULFW VKDOO HTXDO WKH VFKRRO GLVWULFWV EDVLF IXQGLQJ SHU
104104 IRUPXOD VWXGHQW PXOWLSOLHG E\ WZHQW\  WHQ  SHUFHQW RI WKH DSSURYHG
105105 HVWLPDWHGDGGLWLRQDOVWXGHQWFDSDFLW\
106106 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
107107 DPHQGHGWRUHDG
108108    2Q RU EHIRUH -XQH      DQG RQ RU EHIRUH 0DUFK
109109  RI HDFK \HDU WKHUHDIWHU WKH GHSDUWPHQW VKDOO GHWHUPLQH WKH DPRXQWV WR
110110 EH GLVWULEXWHG WR HDFK ORFDO V\VWHP IRU WKH HQVXLQJ VFKRRO ILVFDO \HDU
111111 SXUVXDQW WR WKH 7D[ (TXLW\ DQG (GXFDWLRQDO 2SSRUWXQLWLHV 6XSSRUW $FW DQG
112112 VKDOOFHUWLI\WKHDPRXQWVWRWKH'LUHFWRURI$GPLQLVWUDWLYH6HUYLFHVWKH
113113 $XGLWRU RI 3XEOLF $FFRXQWV DQG HDFK ORFDO V\VWHP 2Q RU EHIRUH -XQH 
114114     DQG RQ RU EHIRUH 0DUFK  RI HDFK \HDU WKHUHDIWHU WKH
115115 GHSDUWPHQW VKDOO UHSRUW WKH QHFHVVDU\ IXQGLQJ OHYHO IRU WKH HQVXLQJ
116116 VFKRRO ILVFDO \HDU WR WKH *RYHUQRU WKH $SSURSULDWLRQV &RPPLWWHH RI WKH
117117 /HJLVODWXUH DQG WKH (GXFDWLRQ &RPPLWWHH RI WKH /HJLVODWXUH 7KH UHSRUW
118118 VXEPLWWHG WR WKH FRPPLWWHHV RI WKH /HJLVODWXUH VKDOO EH VXEPLWWHG
119119 HOHFWURQLFDOO\ ([FHSW DV RWKHUZLVH SURYLGHG LQ WKLV VXEVHFWLRQ
120120 FHUWLILHG VWDWH DLG DPRXQWV LQFOXGLQJ DGMXVWPHQWV SXUVXDQW WR VHFWLRQ
121121  VKDOO EH VKRZQ DV EXGJHWHG QRQSURSHUW\WD[ UHFHLSWV DQG
122122 /%
123123 
124124 /%
125125 
126126  GHGXFWHG SULRU WR FDOFXODWLQJ WKH SURSHUW\ WD[ UHTXHVW LQ WKH ORFDO
127127 V\VWHPV JHQHUDO IXQG EXGJHW VWDWHPHQW DV SURYLGHG WR WKH $XGLWRU RI
128128 3XEOLF$FFRXQWVSXUVXDQWWRVHFWLRQ
129129   ([FHSW DV SURYLGHG LQ WKLV VXEVHFWLRQ VXEVHFWLRQ   RI VHFWLRQ
130130  DQG VHFWLRQV   DQG  WKH DPRXQWV
131131 FHUWLILHGSXUVXDQWWRVXEVHFWLRQ  RIWKLVVHFWLRQVKDOOEHGLVWULEXWHG
132132 LQ WHQ DV QHDUO\ DV SRVVLEOH HTXDO SD\PHQWV RQ WKH ODVW EXVLQHVV GD\ RI
133133 HDFK PRQWK EHJLQQLQJ LQ 6HSWHPEHU RI HDFK HQVXLQJ VFKRRO ILVFDO \HDU DQG
134134 HQGLQJ LQ -XQH RI WKH IROORZLQJ \HDU H[FHSW WKDW ZKHQ D ORFDO V\VWHP LV
135135 WR UHFHLYH D PRQWKO\ SD\PHQW RI OHVV WKDQ RQH WKRXVDQG GROODUV VXFK
136136 SD\PHQW VKDOO EH RQH OXPSVXP SD\PHQW RQ WKH ODVW EXVLQHVV GD\ RI
137137 'HFHPEHUGXULQJWKHHQVXLQJVFKRROILVFDO\HDU
138138 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
139139 DPHQGHGWRUHDG
140140  1RWZLWKVWDQGLQJ DQ\ RWKHU SURYLVLRQ RI ODZ DQ\
141141 FHUWLILFDWLRQ RI VWDWH DLG SXUVXDQW WR VHFWLRQ  FHUWLILFDWLRQ RI
142142 EXGJHW DXWKRULW\ SXUVXDQW WR VHFWLRQ  DQG FHUWLILFDWLRQ RI
143143 DSSOLFDEOH DOORZDEOH UHVHUYH SHUFHQWDJHV SXUVXDQW WR VHFWLRQ 
144144 FRPSOHWHG SULRU WR WKH HIIHFWLYH GDWH RI WKLV DFW -XQH   IRU
145145 VFKRROILVFDO\HDU  DUHQXOODQGYRLG
146146 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
147147 DPHQGHGWRUHDG
148148    2Q RU EHIRUH -XQH      DQG RQ RU EHIRUH 0DUFK
149149  RI HDFK \HDU WKHUHDIWHU WKH GHSDUWPHQW VKDOO GHWHUPLQH DQG FHUWLI\ WR
150150 HDFK VFKRRO GLVWULFW EXGJHW DXWKRULW\ IRU WKH JHQHUDO IXQG EXGJHW RI
151151 H[SHQGLWXUHVIRUWKHHQVXLQJVFKRROILVFDO\HDU
152152   ([FHSW DV SURYLGHG LQ VHFWLRQV    DQG
153153  HDFK VFKRRO GLVWULFW VKDOO KDYH EXGJHW DXWKRULW\ IRU WKH
154154 JHQHUDO IXQG EXGJHW RI H[SHQGLWXUHV HTXDO WR WKH JUHDWHU RI D  WKH
155155 JHQHUDO IXQG EXGJHW RI H[SHQGLWXUHV IRU WKH LPPHGLDWHO\ SUHFHGLQJ VFKRRO
156156 ILVFDO \HDU PLQXV H[FOXVLRQV SXUVXDQW WR VXEVHFWLRQ   RI VHFWLRQ
157157 /%
158158 
159159 /%
160160 
161161   IRU VXFK VFKRRO ILVFDO \HDU ZLWK WKH GLIIHUHQFH LQFUHDVHG E\
162162 WKH EDVLF DOORZDEOH JURZWK UDWH IRU WKH VFKRRO ILVFDO \HDU IRU ZKLFK
163163 EXGJHW DXWKRULW\ LV EHLQJ FDOFXODWHG E  WKH JHQHUDO IXQG EXGJHW RI
164164 H[SHQGLWXUHV IRU WKH LPPHGLDWHO\ SUHFHGLQJ VFKRRO ILVFDO \HDU PLQXV
165165 H[FOXVLRQV SXUVXDQW WR VXEVHFWLRQ   RI VHFWLRQ  IRU VXFK
166166 VFKRRO ILVFDO \HDU ZLWK WKH GLIIHUHQFH LQFUHDVHG E\ DQ DPRXQW HTXDO WR
167167 DQ\ VWXGHQW JURZWK DGMXVWPHQW FDOFXODWHG IRU WKH VFKRRO ILVFDO \HDU IRU
168168 ZKLFK EXGJHW DXWKRULW\ LV EHLQJ FDOFXODWHG RU F  RQH KXQGUHG WHQ
169169 SHUFHQW RI IRUPXOD QHHG IRU WKH VFKRRO ILVFDO \HDU IRU ZKLFK EXGJHW
170170 DXWKRULW\ LV EHLQJ FDOFXODWHG PLQXV WKH VSHFLDO HGXFDWLRQ EXGJHW RI
171171 H[SHQGLWXUHV DV ILOHG RQ WKH VFKRRO GLVWULFW EXGJHW VWDWHPHQW RQ RU
172172 EHIRUH 6HSWHPEHU  IRU WKH LPPHGLDWHO\ SUHFHGLQJ VFKRRO ILVFDO \HDU
173173 ZKLFK VSHFLDO HGXFDWLRQ EXGJHW RI H[SHQGLWXUHV LV LQFUHDVHG E\ WKH EDVLF
174174 DOORZDEOH JURZWK UDWH IRU WKH VFKRRO ILVFDO \HDU IRU ZKLFK EXGJHW
175175 DXWKRULW\LVEHLQJFDOFXODWHG
176176   )RU DQ\ VFKRRO ILVFDO \HDU IRU ZKLFK WKH EXGJHW DXWKRULW\ IRU
177177 WKHJHQHUDOIXQGEXGJHWRIH[SHQGLWXUHVIRUDVFKRROGLVWULFWLVEDVHGRQ
178178 D VWXGHQW JURZWK DGMXVWPHQW WKH EXGJHW DXWKRULW\ IRU WKH JHQHUDO IXQG
179179 EXGJHW RI H[SHQGLWXUHV IRU VXFK VFKRRO GLVWULFW VKDOO EH DGMXVWHG LQ
180180 IXWXUH \HDUV WR UHIOHFW DQ\ VWXGHQW JURZWK DGMXVWPHQW FRUUHFWLRQV UHODWHG
181181 WRVXFKVWXGHQWJURZWKDGMXVWPHQW
182182 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
183183 DPHQGHGWRUHDG
184184  1R GLVWULFW VKDOO DGRSW D EXGJHW ZKLFK LQFOXGHV WRWDO
185185 UHTXLUHPHQWV RI GHSUHFLDWLRQ IXQGV QHFHVVDU\ HPSOR\HH EHQHILW IXQG FDVK
186186 UHVHUYHV DQG QHFHVVDU\ JHQHUDO IXQG FDVK UHVHUYHV H[FHHGLQJ WKH
187187 DSSOLFDEOH DOORZDEOH UHVHUYH SHUFHQWDJHV RI WRWDO JHQHUDO IXQG EXGJHW RI
188188 H[SHQGLWXUHVDVVSHFLILHGLQWKHVFKHGXOHVHWIRUWKLQWKLVVHFWLRQ
189189 $YHUDJHGDLO\
190190 $OORZDEOH
191191 PHPEHUVKLSRI
192192 UHVHUYH
193193 GLVWULFW
194194 SHUFHQWDJH
195195 /%
196196 
197197 /%
198198 
199199  
200200 
201201 
202202 
203203 
204204 
205205 DQGRYHU
206206 
207207 2Q RU EHIRUH -XQH      DQG RQ RU EHIRUH 0DUFK  HDFK \HDU
208208 WKHUHDIWHU WKH GHSDUWPHQW VKDOO GHWHUPLQH DQG FHUWLI\ HDFK GLVWULFWV
209209 DSSOLFDEOH DOORZDEOH UHVHUYH SHUFHQWDJH IRU WKH HQVXLQJ VFKRRO ILVFDO
210210 \HDU
211211 (DFK GLVWULFW ZLWK FRPELQHG QHFHVVDU\ JHQHUDO IXQG FDVK UHVHUYHV
212212 WRWDO UHTXLUHPHQWV RI GHSUHFLDWLRQ IXQGV DQG QHFHVVDU\ HPSOR\HH EHQHILW
213213 IXQG FDVK UHVHUYHV OHVV WKDQ WKH DSSOLFDEOH DOORZDEOH UHVHUYH SHUFHQWDJH
214214 VSHFLILHG LQ WKLV VHFWLRQ PD\ QRWZLWKVWDQGLQJ WKH GLVWULFWV DSSOLFDEOH
215215 DOORZDEOH JURZWK UDWH LQFUHDVH LWV QHFHVVDU\ JHQHUDO IXQG FDVK UHVHUYHV
216216 VXFK WKDW WKH WRWDO QHFHVVDU\ JHQHUDO IXQG FDVK UHVHUYHV WRWDO
217217 UHTXLUHPHQWV RI GHSUHFLDWLRQ IXQGV DQG QHFHVVDU\ HPSOR\HH EHQHILW IXQG
218218 FDVKUHVHUYHVGRQRWH[FHHGVXFKDSSOLFDEOHDOORZDEOHUHVHUYHSHUFHQWDJH
219219 6HF  6HFWLRQ  5HLVVXH 5HYLVHG 6WDWXWHV RI 1HEUDVND LV
220220 DPHQGHGWRUHDG
221221  7KH $SSURSULDWLRQV &RPPLWWHH RI WKH /HJLVODWXUH VKDOO
222222 DQQXDOO\ LQFOXGH WKH DPRXQW QHFHVVDU\ WR IXQG WKH VWDWH DLG WKDW ZLOO EH
223223 FHUWLILHG WR VFKRRO GLVWULFWV RQ RU EHIRUH -XQH      DQG RQ RU
224224 EHIRUH 0DUFK  RI HDFK \HDU WKHUHDIWHU IRU HDFK HQVXLQJ VFKRRO ILVFDO
225225 \HDU LQ LWV UHFRPPHQGDWLRQV WR WKH /HJLVODWXUH WR FDUU\ RXW WKH
226226 UHTXLUHPHQWVRIWKH7D[(TXLW\DQG(GXFDWLRQDO2SSRUWXQLWLHV6XSSRUW$FW
227227 6HF   2ULJLQDO VHFWLRQV   
228228    DQG  5HLVVXH 5HYLVHG 6WDWXWHV RI
229229 1HEUDVNDDUHUHSHDOHG
230230 6HF   6LQFH DQ HPHUJHQF\ H[LVWV WKLV DFW WDNHV HIIHFW ZKHQ
231231 SDVVHGDQGDSSURYHGDFFRUGLQJWRODZ
232232 /%
233233 
234234 /%
235235 
236236