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1995 SESSION

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HJ 664 Study; investment of funds by local governments.

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles

SUMMARY:

Investment of funds by local governments. Establishes a joint subcommittee, consisting of five legislators, to study investment of funds by local governments of the Commonwealth, including the source of tax revenues and other public funds assessed, collected, remitted, and retained by local governments; the length of time such tax revenues and other public funds are held by local governments; the various ways and mechanisms that local governments invest and re-invest such tax revenues and other public funds; and the rate of return and other performance benchmarks of such investments by local governments.


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