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2002 SESSION

• | print version

HB 592 Investment of Public Funds Act; corporate notes.

Introduced by: John S. Reid | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Investment of Public Funds Act; corporate notes. Allows state agencies or institutions of the Commonwealth having an internal or external public funds manager with professional investment management capabilities to invest in corporate notes with a duration of more than five years. The corporate notes are still required to have a rating of at least A by two rating agencies, one of which shall be either Moody's Investors Service, Inc., or Standard and Poors, Inc.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 01/08/02 021172208  pdf | impact statement
• 02/11/02  House: Bill text as passed House and Senate (HB592ER)  pdf | impact statement
• 02/19/02  Governor: Acts of Assembly Chapter text (CHAP0018)  pdf

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 01/08/02 021172208
• 01/09/02  House: Referred to Committee on Finance
• 01/28/02  House: Reported from Finance (22-Y 0-N)
• 01/29/02  House: Read first time
• 01/30/02  House: Read second time and engrossed
• 01/31/02  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 01/31/02  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 01/31/02  House: Communicated to Senate
• 02/01/02  Senate: Constitutional reading dispensed
• 02/01/02  Senate: Referred to Committee on Finance
• 02/05/02  Senate: Reported from Finance (15-Y 0-N)
• 02/06/02  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
• 02/06/02  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/07/02  Senate: Read third time
• 02/07/02  Senate: Passed Senate (39-Y 0-N)
• 02/07/02  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 02/11/02  House: Enrolled
• 02/11/02  Senate: Signed by President
• 02/11/02  House: Bill text as passed House and Senate (HB592ER)
• 02/12/02  House: Signed by Speaker
• 02/18/02  Governor: Approved by Governor-Chapter 18 (effective 7/1/02)
• 02/19/02  Governor: Acts of Assembly Chapter text (CHAP0018)