Amend HB 724 as follows:
      On page 2, line 2, insert the following new subsection (f)
and reletter the remaining subsection accordingly:
      (f)  The company shall allocate and credit the
contemporaneous deposit to each participant's account on the
receipt of the electronic funds transfer and the electronic
information on the amount to be allocated and credited to each
participant's account.  A company who violates this section shall
become ineligible for certification as a company eligible to
provide an optional retirement program.