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2020 SESSION

• | print version

HB 1587 Investment of public funds; ratings agencies.

Introduced by: Patrick A. Hope | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

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 & Phelps.

FULL TEXT

• 01/14/20  House: Presented and ordered printed 20105250D  pdf | impact statement
• 02/04/20  House: Committee substitute printed 20107152D-H1  pdf | impact statement
• 02/26/20  House: Bill text as passed House and Senate (HB1587ER)  pdf | impact statement
• 03/12/20  Governor: Acts of Assembly Chapter text (CHAP0333)  pdf

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted

HISTORY

• 01/14/20  House: Presented and ordered printed 20105250D
• 01/14/20  House: Referred to Committee on General Laws
• 01/22/20  House: Assigned GL sub: Professions/Occupations and Adminstrative Process
• 01/30/20  House: Subcommittee recommends reporting with substitute (7-Y 0-N)
• 02/04/20  House: Committee substitute printed 20107152D-H1
• 02/04/20  House: Reported from General Laws with substitute (21-Y 0-N)
• 02/05/20  House: Read first time
• 02/06/20  House: Read second time
• 02/06/20  House: Committee substitute agreed to 20107152D-H1
• 02/06/20  House: Engrossed by House - committee substitute HB1587H1
• 02/07/20  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 02/07/20  House: VOTE: Block Vote Passage (100-Y 0-N)
• 02/10/20  Senate: Constitutional reading dispensed
• 02/10/20  Senate: Referred to Committee on Finance and Appropriations
• 02/19/20  Senate: Reported from Finance and Appropriations (15-Y 1-N)
• 02/20/20  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/21/20  Senate: Read third time
• 02/21/20  Senate: Passed Senate (35-Y 0-N)
• 02/26/20  House: Enrolled
• 02/26/20  House: Bill text as passed House and Senate (HB1587ER)
• 02/27/20  House: Signed by Speaker
• 02/27/20  Senate: Signed by President
• 03/05/20  House: Enrolled Bill communicated to Governor on March 5, 2020
• 03/05/20  Governor: Governor's Action Deadline 11:59 p.m., March 12, 2020
• 03/12/20  Governor: Approved by Governor-Chapter 333 (effective 7/1/20)
• 03/12/20  Governor: Acts of Assembly Chapter text (CHAP0333)