HB0835 (CH0569)

Find a 2016 Bill:

2016 Regular Session



Local Facility Closure Reserve Funds - Investments and Reinvestments

Sponsored by:

Cecil County Delegation


Approved by the Governor - Chapter 569

Synopsis:Authorizing the trustees or other officers in charge of specified facility closure reserve funds to invest and reinvest money in a specified manner and sell, redeem, or exchange specified investments or reinvestments; requiring the trustees or other officers in charge of the funds to comply with specified fiduciary standards; authorizing a political subdivision or unit of a political subdivision to enter into a specified agreement; altering the definition of "public money" as it relates to local government investment guidelines; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Cecil County Delegation
Additional Facts:Cross-filed with: SB0631
Bill File Type: Regular
Effective Date(s): October 1, 2016
Appropriations  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):Local Government - Generally
Narrow Subject(s):Community Facilities and Services
Contractors -see also- Heating & Cooling; Home Improvement
Counties -see also- Chartered Counties; Code Counties
Investments -see also- Securities
Municipal Corporations -see also- Annap; Balt; Hager; OC
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - Local Government
(17-102, 17-201)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 5:02 P.M.