Budget Amendment ID: FY2016-S3-44

OTH 44

Mutual Fund Service Corporations

Messrs. Eldridge and Montigny moved that the proposed new text be amended by inserting after section XX, the following new section:-

“SECTION XX. Section 38 of chapter 63 of the General Laws, as so appearing, is hereby amended by striking out after the words “subsection (l)” the following:-

“or a mutual fund service corporation to the extent of its mutual fund sales as described in subsection (m),”

and further amended by striking out in its entirety subsection (m).”