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Glossary of Legislative Terms

CS/SB 2422: Investment of Local Government Surplus Funds [RPCC]

GENERAL BILL by Governmental Operations ; Alexander ; (CO-INTRODUCERS) Baker

Investment of Local Government Surplus Funds [RPCC]; Revises the purpose of the Investment of Local Government Surplus Funds Act. Authorizes the State Board of Administration to contract with a professional money management firm to administer the trust fund. Creates the Participant Local Government Advisory Council. Provides for the purpose of the Fund B Surplus Funds Trust Fund. Provides for investment policy criteria and implementation, etc.

Effective Date: 05/28/2008
 Last Action: 5/28/2008 - Approved by Governor; Chapter No. 2008-59; See also CS/HB 7097 (Ch. 2008-93)
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/28/2008 Senate • Filed
    3/13/2008 Senate • Introduced, referred to Governmental Operations; Regulated Industries; Environmental Preservation and Conservation; General Government Appropriations -SJ 00272
    3/31/2008 Senate • On Committee agenda-- Governmental Operations, 04/03/08, 9:00 am, 110-S
    4/3/2008 Senate • CS by Governmental Operations; YEAS 4 NAYS 0 -SJ 00495; CS read 1st time on 04/09/08 -SJ 00490
    4/4/2008 Senate • Pending reference review under Rule 4.7(2)
    4/7/2008 Senate • Remaining references corrected to General Government Appropriations -SJ 00495; Now in General Government Appropriations; On Committee agenda-- General Government Appropriations, 04/10/08, 2:30 pm, 401-S --Pending reconsideration (CS/CS-; YEAS 6 NAYS 0)
    4/10/2008 Senate • On Committee agenda-- General Government Appropriations, 04/15/08, 2:15 pm, 401-S
    4/15/2008 Senate • Favorable with 1 amendment(s) by- General Government Appropriations (702786); YEAS 6 NAYS 0 -SJ 00618; Placed on Calendar, on 2nd reading -SJ 00618
    4/16/2008 Senate • Placed on Special Order Calendar; Read 2nd time -SJ 00590; Amendment(s) adopted (702786) -SJ 00590; Ordered engrossed -SJ 00590
    4/17/2008 Senate • Read 3rd time -SJ 00645; CS passed as amended; YEAS 34 NAYS 0 -SJ 00645
    4/23/2008 Senate • Immediately certified -SJ 00720
    4/23/2008 House • In Messages; Received, referred to Calendar -HJ 00782
    4/25/2008 House • Placed on Special Order Calendar; Substituted for CS/HB 7095 -HJ 00921; Read 2nd time -HJ 00921; Amendment(s) adopted -HJ 00921
    4/29/2008 House • Read 3rd time -HJ 01039; CS passed as amended; YEAS 114 NAYS 0 -HJ 01039
    4/29/2008 Senate • In returning messages
    5/2/2008 Senate • Concurred -SJ 01563; CS passed as amended (495503); YEAS 40 NAYS 0 -SJ 01567; Ordered engrossed, then enrolled -SJ 01567
    5/19/2008 • Signed by Officers and presented to Governor
    5/28/2008 • Approved by Governor; Chapter No. 2008-59; See also CS/HB 7097 (Ch. 2008-93)

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  • CS/SB 2422, Enrolled (Current Bill Version) Posted 5/5/2008 at 6:54 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 7095 (c1) Investment of Local Government Surplus Funds Domino Compare Last Action: 4/25/2008 H Placed on Special Order Calendar; Substituted CS/SB 2422; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/HB 7097 (Ch. 2008-93), CS/SB 2422 (Ch. 2008-59) -HJ 00921
    Location:
    H 7097 (c1) Domino Compare Last Action: 5/28/2008 Approved by Governor; Chapter No. 2008-93; See also CS/SB 2422 (Ch. 2008-59)
    Location:
    H 7099 (c1) Fund B Surplus Funds Trust Fund Domino Compare Last Action: 5/2/2008 H Died on Calendar, Link/Iden/Sim/Compare passed, refer to CS/HB 7097 (Ch. 2008-93), CS/SB 2422 (Ch. 2008-59)
    Location:

    Citations - Statutes (10)

    Citation Catchline Location in Bill Location In Bill Help
    218.401 Purpose.
    218.403 Definitions.
    218.405 Local Government Surplus Funds Trust Fund; creation.
    218.407 Local government investment authority.
    218.409 Administration of the trust fund.
    218.411 Authorization for state technical and advisory assistance.
    218.412 Rulemaking authority.
    218.418
    218.421
    218.422

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  • CS/SB 2422, Engrossed 2 Posted 5/5/2008 at 3:14 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (10)

    Citation Catchline Location in Bill Location In Bill Help
    218.401 Purpose.
    218.403 Definitions.
    218.405 Local Government Surplus Funds Trust Fund; creation.
    218.407 Local government investment authority.
    218.409 Administration of the trust fund.
    218.411 Authorization for state technical and advisory assistance.
    218.412 Rulemaking authority.
    218.418
    218.421
    218.422

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  • CS/SB 2422, Engrossed 1 Posted 4/16/2008 at 3:31 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    495503 - Amendment
    		Domino 4/24/2008
    8:20 AM     		Senate: Concurred
    5/2/2008     		Web Page
    PDF

    Floor Votes (3)

    Date Chamber Result
    4/17/2008 9:21 AM Senate 34 Yeas - 0 Nays
    4/29/2008 10:24 AM House 114 Yeas - 0 Nays
    5/2/2008 11:37 AM Senate 40 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    218.401 Purpose.
    218.403 Definitions.
    218.405 Local Government Surplus Funds Trust Fund; creation.
    218.407 Local government investment authority.
    218.409 Administration of the trust fund.

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  • CS/SB 2422, Committee Substitute 1 Posted 4/4/2008 at 1:12 PM

    Bill Text:   Web Page | PDF
    Analyses:   General Government Appropriations (Post-Meeting) 4/15/2008 (pdf)
    Governmental Operations (Post-Meeting) 4/3/2008 (pdf)

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    711078 - Amendment
    		General Government Appropriations
    (Aronberg)     		4/9/2008
    8:53 PM     		Withdrawn
    4/11/2008     		Web Page
    PDF
    702786 - Amendment
    		General Government Appropriations
    (Aronberg)     		4/9/2008
    8:54 PM     		Favorable
    4/11/2008     		Web Page
    PDF
    138446 - Amendment
    		General Government Appropriations
    (Aronberg)     		4/9/2008
    8:54 PM     		Withdrawn
    4/11/2008     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/15/2008 2:15 PM General Government Appropriations 6 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    218.401 Purpose.
    218.403 Definitions.
    218.405 Local Government Surplus Funds Trust Fund; creation.
    218.407 Local government investment authority.
    218.409 Administration of the trust fund.

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  • SB 2422, Original Filed Version Posted 2/28/2008 at 11:51 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    874548 - Amendment
    		Governmental Operations
    (Lawson)     		4/2/2008
    8:38 AM     		Replaced by Committee Substitute
    4/3/2008     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/3/2008 9:00 AM Governmental Operations 4 Yeas - 0 Nays

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