November 8, 1989
TO: UNIT INVESTMENT TRUST COMMITTEE NO. 76-89
RE: VIRGINIA LEGISLATIVE UPDATE
__________________________________________________________
As we have previously informed you, the Institute is
seeking legislation in Virginia which would eliminate the
requirement that unit investment trusts annually amend their
registration statements and pay annual fees. (See Memorandum to
Unit Investment Trust Committee No. 72-89, dated October 30,
1989.) We are considering contacting Delegate George H. Heilig,
Jr. (Democrat, District 86) to act as sponsor ("patron") for our
bill. Delegate Heilig is a member of the Committee on
Corporations, Insurance and Banking and was the patron of the
legislation which repealed the manual exemption last year.
The following information would be helpful in assisting the
Institute in securing passage of the proposed legislation:
1. Contacts in the Norfolk, Virginia area that would be
willing to meet with Delegate Heilig, particularly those with
ties to the Democratic party;
2. Whether or not you have branch offices in the Norfolk,
Virginia area and a contact within that office; and
3. Contacts in Virginia that would be willing to assist in
the lobbying efforts.
If possible, please provide this information to me by
Wednesday, November 15, 1989. My fax number is (202) 659-1519.
Thank you for your assistance in this matter and we will keep you
informed of further developments.
Patricia Louie
Assistant General Counsel