The Committee on Finance proposes the following amendment (SF-420.AA0003S):

Amend the bill, as and if amended, SECTION 1, by striking Section 6-5-10(9) and inserting:

 (9) A qualified retiree post-employment benefits trust may invest in notes, bonds, debentures, or other debt instruments issued by a United States corporation, provided that the instruments are rated in general rating categoriesinvestment grade by no fewer than two nationally recognized credit rating organizations. For purposes of this subsection, a qualified retiree post-employment benefits trust means a trust to provide for the employer costs of retiree post-employment benefits for retired employees of political subdivisions of the State.

Renumber sections to conform.

Amend title to conform.