SF0145SS001

Adopted

Amendment to SF0145 — Local governments-investments in equities.

Sponsor:

Chamber: Senate

Stage: Standing Committee

What does this amendment do?

This amendment modifies local government equity investment provisions by establishing that investment risks are assumed by the investing entity, requiring the state loan and investment board to adopt comparable investment policy statements, and removing certain committee references from implementation provisions.

Removes reference to W.S. 9-4-716 and adds language stating that all risks associated with equity investments under this paragraph shall be assumed by the governmental entity making the investment. (Page 2, line 10)
Requires the state loan and investment board to adopt investment policy statements for local government and political subdivision equity investments, with requirements and conditions comparable to those specified in W.S. 9-4-715 and 9-4-716. (Page 2, line 15)
Changes reference from a broader provision to specifically 'this act'. (Page 3, line 2)
Removes 'the investment funds' from the list of entities responsible for implementation, leaving only the state treasurer and state loan and investment board. (Page 3, line 4)
Removes 'committee' from the implementation provision. (Page 3, line 5)

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Roll Call Votes (0)

Standing committee amendments are adopted as part of the committee's overall recommendation vote on the bill, not as a separate roll call. No matching committee vote was found. See all votes on the bill detail page.