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Legislation watch

2012 House Bill 5416: Cap municipal pension board travel expenses and more
  1. Introduced by Rep. John Walsh (R) on February 21, 2012, to cap municipal pension board spending on board members travel and training expenses at $150,000 per year, and $30,000 per board member. The bill also proposes specific pension system transparency requirements; restricts investments in entities whose principles made large political contributions; revises limits on investments in non-publically traded companies; and more.   Full Text and Analysis.
    • Referred to the House Appropriations Committee on February 21, 2012.