PUB FUNDS INVEST- SHORT TERM
Summary
Amends the Public Funds Investment Act. Allows investment in (i) short term obligations of certain corporations if the purchases do not exceed 10% of the corporation's outstanding obligations "at the time of the purchase of the obligations" and (ii) certain money market mutual funds if the portfolio of the fund is limited to certain mutual bonds. Allows investment in any obligations of the Federal National Mortgage Association or certain savings and loan associations (now, only short term discount obligations). Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2005
Committee Review
Floor Vote
Governor
Introduced Feb 25, 2005
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 9, 2007
Senate · Failed
Session Sine Die
Feb 25, 2005
Senate · Referred to committee
Referred to Rules
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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