HB1587
Investment of public funds; ratings agencies.
Summary
As Passed House of Origin. Investment of public funds; ratings agencies.
Allows ratings by Fitch Ratings to be used for determining whether certain investments are permissible for public funds. Under current law, only ratings by Standard & Poor's or Moody's Investors Service may be used. The bill contains technical amendments, including the removal of obsolete references to ratings by Duff & ... (More) Phelps. (Less)-
Bill History
- 01/14/2020 - House: Presented and ordered printed 20105250D
- 01/14/2020 - House: Referred to Committee on General Laws
- 01/22/2020 - House: Assigned GL sub: Professions/Occupations and Adminstrative Process
- 01/27/2020 - House: Impact statement from DPB (HB1587)
- 01/30/2020 - House: House subcommittee amendments and substitutes offered
- 01/30/2020 - House: Subcommittee recommends reporting with substitute (7-Y 0-N)
- 02/04/2020 - House: Committee substitute printed 20107152D-H1
- 02/04/2020 - House: Reported from General Laws with substitute (21-Y 0-N)
- 02/05/2020 - House: Read first time
- 02/06/2020 - House: Impact statement from DPB (HB1587H1)
- 02/06/2020 - House: Read second time
- 02/06/2020 - House: Committee substitute agreed to 20107152D-H1
- 02/06/2020 - House: Engrossed by House - committee substitute HB1587H1
- 02/07/2020 - House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/07/2020 - House: VOTE: Block Vote Passage (100-Y 0-N)
- 02/10/2020 - Senate: Constitutional reading dispensed
- 02/10/2020 - Senate: Referred to Committee on Finance and Appropriations
- 02/19/2020 - Senate: Reported from Finance and Appropriations (15-Y 1-N)
- 02/20/2020 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/21/2020 - Senate: Read third time
- 02/21/2020 - Senate: Passed Senate (35-Y 0-N)
- 02/26/2020 - House: Enrolled
- 02/26/2020 - House: Bill text as passed House and Senate (HB1587ER)
- 02/26/2020 - House: Impact statement from DPB (HB1587ER)
- 02/27/2020 - House: Signed by Speaker
- 02/27/2020 - Senate: Signed by President
- 03/05/2020 - House: Enrolled Bill communicated to Governor on March 5, 2020
- 03/05/2020 - Governor: Governor's Action Deadline 11:59 p.m., March 12, 2020
- 03/12/2020 - Governor: Approved by Governor-Chapter 333 (effective 7/1/20)
- 03/12/2020 - Governor: Acts of Assembly Chapter text (CHAP0333)
