General Bill
State Board of Administration:
Requires SBA to create audit committee; provides membership requirements, duties, & powers; provides requirements for SBA executive director after receipt of committee recommendation; requires committee appoint Chief of Internal Audit; requires SBA appoint executive director & appointment affirmed by Investment Advisory Council; provides requirements & duties of executive director; requires executive director's quarterly report to SBA to contain specified information; increases members of Investment Advisory Council; requires council to make recommendations; requires council to approve all new products considered for investment by SBA; specifies council representation requirements; requires council to assist in developing Florida Retirement System Defined Benefit Plan Investment Policy Statement; authorizes board's executive director to present recommended IPS changes to Investment Advisory Council for approval; requires SBA to adopt standards of conduct for investment advisers & managers; provides circumstances under which contract with investment adviser or manager is voidable; prohibits Investment Advisory Council member or member's business organization or affiliate from contracting with or providing services for state trust funds investments for specified period; specifies requirements for investment advisers or managers; requires SBA to create participating investor council for specified purposes.
Effective Date:
July 1, 2009
Last Event:
Died in Governmental Affairs Policy Committee on Saturday, May 2, 2009 12:00 AM
| Bill #
|
Subject
|
Relationship
|
|
Bill #:
SB 2580
|
Subject:
State Board of Administration [WPSC]
|
Relationship:
Similar
|
| Event |
Time |
Member |
Committee |
Ver. |
|
Event:
H Died in Governmental Affairs Policy Committee
|
Time:
05/02/2009 - 12:00 AM
|
Member:
|
Committee:
Governmental Affairs Policy Committee
|
Version:
__
|
|
Event:
H Indefinitely postponed and withdrawn from consideration
|
Time:
05/02/2009 - 12:00 AM
|
Member:
|
Committee:
|
Version:
__
|
|
Event:
H Now in Governmental Affairs Policy Committee
|
Time:
03/09/2009 - 9:49 PM
|
Member:
|
Committee:
Governmental Affairs Policy Committee
|
Version:
__
|
|
Event:
H Referred to Policy Council
|
Time:
03/09/2009 - 9:49 PM
|
Member:
|
Committee:
Policy Council
|
Version:
__
|
|
Event:
H Referred to Government Operations Appropriations Committee
|
Time:
03/09/2009 - 9:49 PM
|
Member:
|
Committee:
Government Operations Appropriations Committee
|
Version:
__
|
|
Event:
H Referred to Economic Development & Community Affairs Policy Council
|
Time:
03/09/2009 - 9:49 PM
|
Member:
|
Committee:
Economic Development & Community Affairs Policy Council
|
Version:
__
|
|
Event:
H Referred to Governmental Affairs Policy Committee
|
Time:
03/09/2009 - 9:49 PM
|
Member:
|
Committee:
Governmental Affairs Policy Committee
|
Version:
__
|
|
Event:
H 1st Reading
|
Time:
03/03/2009 - 10:03 PM
|
Member:
|
Committee:
|
Version:
__
|
|
Event:
H Filed
|
Time:
03/02/2009 - 1:19 PM
|
Member:
Williams, A.
|
Committee:
|
Version:
__
|