2008 Regular Session

HOUSE BILL 481

CHAPTER NUMBER: 506
File Code: State Pensions and Retirement Crossfiled with: SENATE BILL 384
Sponsored By:
Delegate Griffith (Chair, Joint Committee on Pensions)
Entitled:
State Retirement and Pension Systems - Investments

Synopsis:

Removing restrictions placed on the Board of Trustees for the State Retirement and Pension System with regard to investing the assets of the several systems of the State Retirement and Pension System in nondividend paying common stocks; requiring that a majority of the Comptroller, Treasurer, and Secretary of Budget and Management, in their capacity as members of the Board of Trustees, approve the sales and purchases of real estate; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
1/30
First Reading Appropriations
2/6
Hearing 2/19 at 1:00 p.m.
2/11
Hearing cancelled
2/13
Hearing 2/26 at 1:00 p.m.
3/10
Favorable with Amendments Report by Appropriations
3/11
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/13
Third Reading Passed (139-0)
3/26
Returned Passed
Senate Action
3/14
First Reading Budget and Taxation
3/28
Favorable Report by Budget and Taxation
3/26
Favorable Report Adopted
Second Reading Passed
3/27
Third Reading Passed (46-0)
Action after passage in House and Senate
5/13
Approved by the Governor
- Chapter 506

Sponsored by:

Delegate Melony G. Griffith, District 25
Pensions, Joint Committee on

Bill indexed under the following Subjects:

Budget and Management, Department of
Committees and Commissions -see also- Political Committees
Comptroller
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Investments -see also- Securities
Public Works, Board of
Real Estate -see also- Agents and Brokers
Real Property
Reports
Retirement Systems -see also- Mandatory Retirement
Securities
State Employees
Treasurers

Bill affects the following Statutes:

State Personnel and Pensions
( 21-123 , 21-123 , 21-315 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 644662/01     Offered on: March 11, 2008   at: 10:18 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 13, 2008: Third Reading Passed (139-0)
Senate
March 27, 2008: Third Reading Passed (46-0)