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2006 SESSION
(HB1380)AMENDMENT(S) PROPOSED BY THE HOUSE
APPROPRIATIONS
1. Line 47, introduced, after occurrence
strike
the remainder of line 47 and all of lines 48 and 49
insert
(a) the sum of $100,000 to be paid to Phillip Thurman on or before August 1, 2006, by check issued by the State Treasurer on warrant of the Comptroller and (b) $338,598 for the purchase of an annuity for the primary benefit of Phillip Thurman providing for equal monthly payments, for a period certain of 15 years commencing on or before September 1, 2006. The State Treasurer shall purchase the annuity at the lowest cost available from any A+ rated company authorized to sell annuities in the Commonwealth, including any A+ rated company from which the State Lottery Department may purchase an annuity. The annuity shall provide that it shall not be sold, discounted, or used as securitization for loans and mortgages. The annuity shall, however, contain beneficiary provisions providing for the annuity’s continued disbursement in the event of the death of Phillip Thurman to his children and his spouse upon his death.