Bill Status of SB2014 94th General Assembly
Short Description: PUB FUNDS INVEST- SHORT TERM
Sen. Bill Brady
| 1/9/2007||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Public Funds Investment Act. Allows investment in (i) short term obligations of certain corporations if the purchases do not exceed 10% of the corporation's outstanding obligations "at the time of the purchase of the obligations" and (ii) certain money market mutual funds if the portfolio of the fund is limited to certain mutual bonds. Allows investment in any obligations of the Federal National Mortgage Association or certain savings and loan associations (now, only short term discount obligations). Effective immediately.
|Date||Chamber|| Action|| 2/25/2005||Senate||Filed with Secretary by Sen. Bill Brady|| 2/25/2005||Senate||First Reading|| 2/25/2005||Senate||Referred to Rules|| 1/9/2007||Senate||Session Sine Die|