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Option 2: <br />One member of the committee endorsed a reduction from a minimum of 2% to a flat rate <br />of 1%. A portion of this amounting to .75% of the 1% would be committed to the <br />preservation fund and .25% of the 1% committed to the maintenance fund. This proposal <br />is incorporated in the proposed revision to sections 10-15 and 10-16 contained in topic <br />no. 5, on pages 11 to 12. <br />-7- <br />