1.1    .................... moves to amend H. F. No. 163, the second engrossment (H0163-2),
1.2as follows:
1.3Page 2, after line 36, insert

1.4    "Sec. 3. ADDITIONAL RATE OF RETURN ANALYSIS; ANNUAL REPORT
1.5BY THE STATE BOARD OF INVESTMENT.
1.6    (a) Annually, the State Board of Investment shall perform an additional analysis of
1.7the rate of investment return, using a value added analysis, for the investment fund into
1.8which the irrevocable trust fund assets have been deposited under section 2.
1.9    (b) In making its value added investment performance analysis, the board shall
1.10compare its rate of return with the rates of return that it could have achieved in treasury bill
1.11investments and with the rates of return that it could have achieved in investments in the
1.12applicable indices combined in a manner that adjusts for the board's actual portfolio mix.
1.13    (c) The board shall file a report on the additional rate of return analysis with the
1.14Legislative Reference Library annually on or before November 1.
1.15EFFECTIVE DATE.This section is effective on June 30, 2007."
1.16Renumber the sections in sequence and correct the internal references
1.17Amend the title accordingly