AN ACT ESTABLISHING AN INVESTMENT BOARD TO MANAGE STATE INVESTMENTS.

SB 652 creates a new Investment Board to manage the state's investment funds, replacing the existing Investment Advisory Council. The board, with the Treasurer as chair, will be responsible for managing state investments like pension reserves and treasury accounts. This bill directly affects state financial operations by establishing a dedicated body with clear authority to oversee these funds, rather than relying on the previous advisory group. The change focuses on improving oversight of state investments through a formal board structure.