HB 592 Investment of Public Funds Act; corporate notes.
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Summary as passed: (all summaries)
Investment of Public Funds Act; corporate notes. Allows state agencies or institutions of the Commonwealth having an internal or external public funds manager with professional investment management capabilities to invest in corporate notes with a duration of more than five years. The corporate notes are still required to have a rating of at least A by two rating agencies, one of which shall be either Moody's Investors Service, Inc., or Standard and Poors, Inc.

Full text:
01/09/02  House: Presented & ordered printed, prefiled 01/08/02 021172208  pdf | impact statement
02/11/02  House: Bill text as passed House and Senate (HB592ER)  pdf | impact statement
02/19/02  Governor: Acts of Assembly Chapter text (CHAP0018)  pdf

Status:
01/09/02  House: Presented & ordered printed, prefiled 01/08/02 021172208
01/09/02  House: Referred to Committee on Finance
01/28/02  House: Reported from Finance (22-Y 0-N)
01/29/02  House: Read first time
01/30/02  House: Read second time and engrossed
01/31/02  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
01/31/02  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
01/31/02  House: Communicated to Senate
02/01/02  Senate: Constitutional reading dispensed
02/01/02  Senate: Referred to Committee on Finance
02/05/02  Senate: Reported from Finance (15-Y 0-N)
02/06/02  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
02/06/02  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
02/07/02  Senate: Read third time
02/07/02  Senate: Passed Senate (39-Y 0-N)
02/07/02  Senate: VOTE: PASSAGE R (39-Y 0-N)
02/11/02  House: Enrolled
02/11/02  Senate: Signed by President
02/11/02  House: Bill text as passed House and Senate (HB592ER)
02/12/02  House: Signed by Speaker
02/18/02  Governor: Approved by Governor-Chapter 18 (effective 7/1/02)
02/19/02  Governor: Acts of Assembly Chapter text (CHAP0018)