CS/SB 2422 (2008) -  Investment of Local Government Surplus Funds [RPCC]

General Bill by Governmental Operations and Alexander (CO-SPONSORS) Baker
Investment of Local Government Surplus Funds [RPCC]: Revises the purpose of the Investment of Local Government Surplus Funds Act. Authorizes the State Board of Administration to contract with a professional money management firm to administer the trust fund. Creates the Participant Local Government Advisory Council. Provides for the purpose of the Fund B Surplus Funds Trust Fund. Provides for investment policy criteria and implementation, etc.
SB Substituted for CS/HB 7095 By Policy & Budget Council and Government Efficiency & Accountability Council and Domino
Effective Date: 05/28/2008
Last Event: 05/28/08 Approved by Governor; Chapter No. 2008-59; See also CS/HB 7097 (Ch. 2008-93) on Wednesday, May 28, 2008 3:07 PM
Date Available for Final Passage: Tuesday, April 29, 2008 10:25 AM

Referred Committees and Committee Actions

Senate Referrals

  • Governmental Operations
    • On agenda for: 04/03/08 9:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 4   Nays 0
  • General Government Appropriations
    • On agenda for: 04/15/08 2:15 PM
    • Favorable With Amendment(s) (1) (final action) Votes: Yeas 6   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 7095 Subject: Investment of Local Government Surplus Funds Relationship: Compare
Bill #: CS/HB 7097 Subject: Trust Funds/Creation/Fund B Surplus Funds Trust Fund/SBA Relationship: Compare
Bill #: CS/HB 7099 Subject: Funds B Surplus Funds Trust Fund Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: General Government Appropriations 4/9/2008 6:18:03 PM
Chamber: Senate Committee: Governmental Operations 4/4/2008 11:19:49 AM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: Senate Date: 04/17/2008 09:21 AM   Yeas: 34 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 2] Barcode:
Chamber: House Date: 04/29/2008 10:24 AM   Yeas: 114 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 958] Barcode:
Chamber: Senate Date: 05/02/2008 11:37 AM   Yeas: 40 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 24] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Approved by Governor; Chapter No. 2008-59; See also CS/HB 7097 (Ch. 2008-93) Time: 05/28/2008 - 3:07 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 05/19/2008 - 9:57 AM Member: Committee: Version: er
Event: S Ordered engrossed, then enrolled -SJ 01567 Time: 05/02/2008 - 11:37 AM Member: Committee: Version: er
Event: S CS passed as amended (495503); YEAS 40 NAYS 0 -SJ 01567 Time: 05/02/2008 - 11:37 AM Member: Committee: Version: er
Event: S Concurred -SJ 01563 Time: 05/02/2008 - 11:36 AM Member: Committee: Version: er
Event: S In returning messages Time: 04/29/2008 - 10:46 AM Member: Committee: Version: er
Event: H Message sent to senate Time: 04/29/2008 - 10:44 AM Member: Committee: Version: e1
Event: H Passage on third reading Time: 04/29/2008 - 10:24 AM Member: Committee: Version: e1
Event: H CS passed as amended; YEAS 114, NAYS 0 Time: 04/29/2008 - 10:24 AM Member: Committee: Version: e1
Event: H Read 3rd time Time: 04/29/2008 - 9:56 AM Member: Committee: Version: e1
Event: H Added to Third Reading Calendar Time: 04/25/2008 - 7:09 PM Member: Committee: Version: e1
Event: H Amendment 495503 adopted Time: 04/25/2008 - 10:25 AM Member: Committee: Version: e1
Event: H Read 2nd time Time: 04/25/2008 - 10:04 AM Member: Committee: Version: e1
Event: H Substituted for CS/HB 7095 Time: 04/25/2008 - 10:04 AM Member: Committee: Version: c1
Event: H Amendment 495503 filed Time: 04/24/2008 - 8:26 AM Member: Committee: Version: e1
Event: H 1st Reading Time: 04/23/2008 - 10:28 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/25/2008) Time: 04/23/2008 - 8:50 PM Member: Committee: Version: e1
Event: H Bill referred to House Calendar Time: 04/23/2008 - 7:43 PM Member: Committee: Version: e1
Event: H In Messages Time: 04/23/2008 - 12:59 PM Member: Committee: Version: e1
Event: S Immediately certified -SJ 00720 Time: 04/23/2008 - 12:29 PM Member: Committee: Version: er
Event: S CS passed as amended; YEAS 34 NAYS 0 -SJ 00645 Time: 04/17/2008 - 9:21 AM Member: Committee: Version: er
Event: S Read 3rd time -SJ 00645 Time: 04/17/2008 - 9:19 AM Member: Committee: Version: er
Event: S Ordered engrossed -SJ 00590 Time: 04/16/2008 - 1:12 PM Member: Committee: Version: er
Event: S Amendment(s) adopted (702786) -SJ 00590 Time: 04/16/2008 - 1:10 PM Member: Committee: Version: er
Event: S Read 2nd time -SJ 00590 Time: 04/16/2008 - 1:02 PM Member: Committee: Version: er
Event: S Placed on Special Order Calendar Time: 04/10/2008 - 3:03 PM Member: Committee: Version: er
Event: S Placed on Calendar, on 2nd reading -SJ 00618 Time: 04/10/2008 - 3:03 PM Member: Committee: Version: er
Event: S Favorable with 1 amendment(s) by- General Government Appropriations (702786); YEAS 6 NAYS 0 -SJ 00618 Time: 04/10/2008 - 3:03 PM Member: Committee: Version: er
Event: S On Committee agenda-- General Government Appropriations, 04/15/08, 2:15 pm, 401-S Time: 04/10/2008 - 3:03 PM Member: Committee: Version: er
Event: S On Committee agenda-- General Government Appropriations, 04/10/08, 2:30 pm, 401-S --Pending reconsideration (CS/CS-; YEAS 6 NAYS 0) Time: 04/07/2008 - 6:21 PM Member: Committee: Version: er
Event: S Now in General Government Appropriations Time: 04/07/2008 - 1:53 PM Member: Committee: Version: er
Event: S Remaining references corrected to General Government Appropriations -SJ 00495 Time: 04/07/2008 - 1:39 PM Member: Committee: Version: er
Event: S Pending reference review under Rule 4.7(2) Time: 04/04/2008 - 2:15 PM Member: Committee: Version: er
Event: S CS read 1st time on 04/09/08 -SJ 00490 Time: 04/03/2008 - 10:43 AM Member: Committee: Version: er
Event: S CS by Governmental Operations; YEAS 4 NAYS 0 -SJ 00495 Time: 04/03/2008 - 10:43 AM Member: Committee: Version: er
Event: S On Committee agenda-- Governmental Operations, 04/03/08, 9:00 am, 110-S Time: 03/31/2008 - 5:40 PM Member: Committee: Version: er
Event: S Introduced, referred to Governmental Operations; Regulated Industries; Environmental Preservation and Conservation; General Government Appropriations -SJ 00272 Time: 03/13/2008 - 10:17 AM Member: Committee: Version: er
Event: S Filed Time: 02/28/2008 - 1:22 PM Member: Committee: Version: er

Statutes Referenced by this Bill

Statute Other Bill Citations
0218.401
0218.403
0218.405
0218.407
0218.409
0218.411
0218.412
0218.418
0218.421
0218.422