House Sponsors: BIGGINS-BUGIELSKI-CURRY,JULIE-MOFFITT-KLINGLER. Senate Sponsors: MAITLAND-TROTTER-OBAMA Short description: PUB FUNDS-INVESTMENT POLICY Synopsis of Bill as introduced: Amends the Public Funds Investment Act. Requires public agencies to develop and implement an investment policy for public funds within their custody or control. Includes areas the policy must cover to address investment safety, liquidity, and rate of return. Requires that policies be in effect by January 1, 2000. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes everything. Amends the Public Funds Investment Act. Requires public agencies to develop and implement an investment policy for public funds within their custody or control. Includes areas the policy must cover to address investment safety, liquidity, and rate of return. Requires that policies be in effect by January 1, 2000. Includes among the investment policy content requirements guidelines regarding collateral requirements, if any, for public funds deposited in a financial institution pursuant to the Public Funds Investment Act and, if applicable, guidelines for custody of that collateral. Effective immediately. Last action on Bill: TOTAL VETO STANDS Last action date: 98-11-18 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status