Amend HB 501 (house committee printing) as follows:
(1) On page 5, line 5, strike "at least a 50 percent ownership interest" and substitute "a controlling interest".
(2) On page 6, line 7, strike "section, "governmental" and substitute the following:
section:
(1) "Controlling interest" means:
(A) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent;
(B) membership on the board of directors or other governing body of a business entity of which the board of directors or other governing body is composed of not more than 10 members; or
(C) service as:
(i) an officer of a business entity, other than a publicly held business entity or a wholly owned subsidiary of a publicly held business entity, that has four or fewer officers; or
(ii) one of the four officers most highly compensated by a business entity, other than a publicly held business entity or a wholly owned subsidiary of a publicly held business entity, that has more than four officers.
(2) "Governmental