SENATE BILL 627

File Code: State Pensions and Retirement

Sponsored By:

Senator Mitchell

Entitled:

State Retirement and Pension System - Investments - Mortgages for Low and Middle Income Individuals

Synopsis:

Requiring the Board of Trustees of the State Retirement and Pension System to implement a pilot program to invest specified amounts in mortgage loans and closing assistance for low and middle income individuals; etc.

History by Legislative Date

Senate Action

2/5

First Reading Budget and Taxation

2/24

Hearing 3/11 at 8:30 a.m.

3/22

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

INVESTMENTS -see also- SECURITIES

MORTGAGES

REPORTS -see also- RECORDS

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

RULES AND REGULATIONS

SETTLEMENT PROCEDURES

STATE EMPLOYEES -see also- PUBLIC EMPLOYEES

SUNSET

Bill affects the following Statutes:

State Personnel and Pensions

( 21-123 , 21-123 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered