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The Committee on General Government Appropriations (Aronberg)

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recommended the following amendment:

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     Senate Amendment (with title amendment)

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     On line 59,

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insert:

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     Section 1.  Section 215.441, Florida Statutes, is amended to

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read:

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     215.441  Board of Administration; appointment of executive

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director.--The appointment of the executive director of the State

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Board of Administration shall be subject to confirmation by the

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Senate and the approval by a majority vote of the Board of

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Trustees of the State Board of Administration, and the Governor

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must vote on the prevailing side. Such appointment must be

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reaffirmed in the same manner by the board of trustees on an

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annual basis.

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     Section 2.  Subsection (1) of section 215.442, Florida

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Statutes, is amended, and subsection (4) is added to that

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section, to read:

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     215.442  Executive director; reporting requirements; public

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meeting.--

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     (1)  Beginning October 2007 and quarterly thereafter, the

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executive director shall present to the Board of Trustees of the

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State Board of Administration a quarterly report to include the

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following:

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     (a)  The name of each equity in which the State Board of

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Administration has invested for the quarter.

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     (b)  The industry category of each equity.

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     (c) Mortgage securities or debt that represent

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participation in or are collateralized by mortgage loans secured

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by real property or debt issued, including the letter and

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numerical ratings provided by nationally recognized statistical

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rating organizations for each security.

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     (d) A reporting of which securities have moved inside and

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outside of investment grade.

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     (4) The executive director is a state officer and is

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subject to s. 112.3145.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     On line 2, after the semicolon,

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insert:

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amending s. 215.441, F.S.; providing that the appointment

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of the executive director of the State Board of

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Administration be confirmed by the Senate and approved by

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a majority vote of the trustees of the board; amending s.

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215.442, F.S.; requiring the executive director of the

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State Board of Administration to present the trustees with

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additional information; providing that the executive

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director is a state officer and subject to financial

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disclosure requirements;

4/9/2008  5:33:00 PM     601-07160-08