SB1416
Investment of Public Funds Act; investment of public funds in Virginia Investment Pool Trust Fund.
Summary
As Enacted. Investment of Public Funds Act; investment of funds in qualified investment pools.
Authorizes a treasurer to act on behalf of his locality to become a participating political subdivision in qualified investment pools without an ordinance adopted by the locality. The bill defines a qualified investment pool as a jointly administered trust fund that has a professional investment manager. Investments in qualified investment ... (More) pools pursuant to the bill are required to comply with the requirements of the Investment of Public Funds Act (§ 2.2-4500 et seq.) applicable to municipal corporations and other political subdivisions. The bill states that none of its provisions shall be construed to diminish existing legal authority of treasurers related to the investment of public funds. This bill is identical to HB 2105. (Less)-
Bill History
- 01/11/2017 - Senate: Presented and ordered printed 17103326D
- 01/11/2017 - Senate: Referred to Committee on Finance
- 01/18/2017 - Senate: Impact statement from DPB (SB1416)
- 02/01/2017 - Senate: Reported from Finance with substitute (13-Y 3-N)
- 02/01/2017 - Senate: Committee substitute printed 17104937D-S1
- 02/02/2017 - Senate: Impact statement from DPB (SB1416S1)
- 02/02/2017 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/03/2017 - Senate: Read second time
- 02/03/2017 - Senate: Floor substitute printed 17105189D-S2 (Newman)
- 02/03/2017 - Senate: Committee substitute rejected 17104937D-S1
- 02/03/2017 - Senate: Reading of substitute waived
- 02/03/2017 - Senate: Substitute by Senator Newman agreed to 17105189D-S2
- 02/03/2017 - Senate: Engrossed by Senate - floor substitute SB1416S2
- 02/06/2017 - Senate: Read third time and passed Senate (38-Y 2-N)
- 02/08/2017 - House: Placed on Calendar
- 02/08/2017 - House: Read first time
- 02/08/2017 - House: Referred to Committee on Finance
- 02/08/2017 - Senate: Impact statement from DPB (SB1416S2)
- 02/13/2017 - House: Reported from Finance (20-Y 2-N)
- 02/14/2017 - House: Read second time
- 02/15/2017 - House: Floor substitute printed 17105482D-H1 (Byron)
- 02/15/2017 - House: Read third time
- 02/15/2017 - House: Substitute by Delegate Byron agreed to 17105482D-H1
- 02/15/2017 - House: Passed by for the day
- 02/15/2017 - Senate: Impact statement from DPB (SB1416H1)
- 02/16/2017 - House: Read third time
- 02/16/2017 - House: Engrossed by House - committee substitute SB1416H1
- 02/16/2017 - House: Passed House with substitute (95-Y 2-N)
- 02/16/2017 - House: VOTE: PASSAGE (95-Y 2-N)
- 02/20/2017 - Senate: House substitute agreed to by Senate (39-Y 1-N)
- 02/20/2017 - Senate: Title replaced 17105482D-H1
- 02/22/2017 - Senate: Enrolled
- 02/22/2017 - Senate: Bill text as passed Senate and House (SB1416ER)
- 02/22/2017 - Senate: Impact statement from DPB (SB1416ER)
- 02/22/2017 - Senate: Signed by President
- 02/22/2017 - House: Signed by Speaker
- 02/23/2017 - Senate: Enrolled Bill Communicated to Governor on 2/23/17
- 02/23/2017 - Governor: Governor's Action Deadline Midnight, March 27, 2017
- 03/20/2017 - Senate: Governor's recommendation received by Senate
- 04/05/2017 - Senate: Senate concurred in Governor's recommendation (39-Y 1-N)
- 04/05/2017 - House: House concurred in Governor's recommendation (99-Y 0-N)
- 04/05/2017 - House: VOTE: ADOPTION (99-Y 0-N)
- 04/05/2017 - Governor: Governor's recommendation adopted
- 04/05/2017 - Senate: Reenrolled
- 04/05/2017 - Senate: Reenrolled bill text (SB1416ER2)
- 04/05/2017 - Senate: Signed by President as reenrolled
- 04/05/2017 - House: Signed by Speaker as reenrolled
- 04/05/2017 - House: Enacted, Chapter 819 (effective 7/1/17)
- 04/05/2017 - Governor: Acts of Assembly Chapter text (CHAP0819)
