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CS/SB 1182: State Board of Administration

GENERAL BILL by Budget ; Ring

State Board of Administration; Authorizes the board to invest the assets of a governmental entity in the Local Government Surplus Funds Trust Fund without a trust agreement with that governmental entity. Provides that certain investments made by the board under a trust agreement are subject only to the restrictions and limitations contained in the trust agreement. Reduces the number of members on the Investment Advisory Council. Corrects cross-references. Clarifies provisions prohibiting certain conflicts of interest by investment advisers and managers retained by the board.

Effective Date: 7/1/2011
Last Action: 5/3/2011 Senate - Laid on Table, companion bill(s) passed, see HB 7155 (Ch. 2011-100) -SJ 757
Location: Laid on Table
Bill Text: Web Page | PDF
Senate Committee References:
  1. Governmental Oversight and Accountability (GO)
  2. Budget (BC)



Bill History

Date Chamber Action
2/17/2011 Senate • Filed
3/1/2011 Senate • Referred to Governmental Oversight and Accountability; Budget -SJ 89
3/8/2011 Senate • Introduced -SJ 88
3/18/2011 Senate • On Committee agenda-- Governmental Oversight and Accountability, 03/23/11, 3:15 pm, 110 Senate Office Building --Temporarily Postponed
3/25/2011 Senate • On Committee agenda-- Governmental Oversight and Accountability, 03/30/11, 3:45 pm, 110 Senate Office Building --Not Considered
3/31/2011 Senate • On Committee agenda-- Governmental Oversight and Accountability, 04/05/11, 3:30 pm, 110 Senate Office Building
4/5/2011 Senate • Favorable with 1 amendment(s) by Governmental Oversight and Accountability (849726); YEAS 11 NAYS 0 -SJ 461
4/7/2011 Senate • Pending reference review under Rule 4.7(2) - (Amendments)
• Now in Budget -SJ 461
4/20/2011 Senate • On Committee agenda-- Budget, 04/25/11, 1:15 pm, 412 Knott Building
4/25/2011 Senate • CS by- Budget; YEAS 17 NAYS 0 -SJ 541
4/26/2011 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
4/27/2011 Senate • Placed on Calendar, on 2nd reading -SJ 541
• CS by Budget read 1st time -SJ 542
4/29/2011 Senate • Placed on Special Order Calendar, 05/03/11
5/3/2011 Senate • Read 2nd time -SJ 757
• Amendment(s) adopted (152682) -SJ 757
• Substituted HB 7155 -SJ 757
• Laid on Table, companion bill(s) passed, see HB 7155 (Ch. 2011-100) -SJ 757