Introduced
by
To allow local governments and authorities to pool or coordinate funds they have to be invested with the funds of other local governments, for the purpose of seeking a higher rate of return.
Referred to the Committee on Local, Urban, and State Affairs
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 34 to 0 (details)
Referred to the Committee on Local Government and Urban Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 105 to 0 (details)
To allow local governments and authorities to pool or coordinate funds they have to be invested with the funds of other local governments, for the purpose of seeking a higher rate of return.
Amendment offered
by
To clarify that a local government must pass a resolution to allow its investment officer to undertake the actions envisioned by the bill, and establish timetables and procedures for moving from one such investment pool to another.
The amendment passed by voice vote
Passed in the Senate 36 to 0 (details)
Passed in the House 105 to 0 (details)
To concur with the Senate-passed version of the bill.
