General Bill
State Investments:
Clarifies provisions relating to retention of independent investment advisers or managers by State Board of Administration; authorizes Investment Advisory Council to review those managers or advisers; requires board to include contingent compensation in operating budget; clarifies that OPPAGA examine board's management of investments; provides that executive director of board is subject to Senate confirmation; expands subject of quarterly report to board by executive director to include certain mortgage securities & certain movements in investment grade of such securities; provides that executive director of board is state officer subject to financial disclosure requirements; revises membership of council; provides that council members are public officers subject to financial disclosure requirements; requires council to submit review & summary of recommended changes to investment policy statement of board before board votes on changes to statement.
Effective Date:
July 1, 2008
Last Event:
Died in Government Efficiency & Accountability Council on Friday, May 2, 2008 6:02 PM
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Subject
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Relationship
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Bill #:
SB 2768
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Subject:
State Investments [RPCC]
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Relationship:
Identical
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