GOVERNOR'S RECOMMENDATION

1. Page 1, enrolled, after line 23

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"Federal hardship standard" means a federal standard applicable to transfers of structured settlement payment rights regarding the payee's needs, as enacted by Congress and contained in the United States Internal Revenue Code, United States Code Title 26, as amended from time to time.

2. Page 2, enrolled, line 17, after law;

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the remainder of line 17 and all of lines 18 and 19

3. Page 2, enrolled, line 38, after appropriate;

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provided, however, that if, at the time of the effective date of the transfer agreement, there exists a federal hardship standard, then in lieu of the foregoing finding, the court or responsible administrative authority shall make an express finding that the transfer qualifies under such federal hardship standard;

4. Page 2, enrolled, line 50, after law

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; provided, however, that no structured settlement agreement payment rights transfer approved by a court pursuant to this chapter shall be construed so as to prohibit the transfer of structured settlement payment rights

5. Page 3, enrolled, line 22, after hearing;

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and

6. Page 3, enrolled, line 26, after authority

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the period

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; and

6. Once a transfer of structured settlement payment rights is approved by a final order pursuant to this chapter, no party to the proceeding shall thereafter refuse to honor the approved transfer.