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2020 SESSION
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)