BILL · 1997–98 SESSION

HB 2429: State investment board

Providing for the operation of the state investment board.

Summary

  • The prudence standard, or the standard of judgment and care, is modified to allow contemplation of the entire portfolio and an integrated investment strategy. In addition, the board is directed to use the care, skill, prudence and diligence of a prudent person acting in a like capacity familiar with such matters.

From the Senate Bill Report (HB 2429), written by the Legislature's nonpartisan staff. Read the full report ↗

Vetoed Vetoed by the Governor
  1. IntroducedJan 14, 1998
  2. Out of committee
  3. Passed HouseFeb 13, 1998
  4. Passed SenateMar 4, 1998
  5. Vetoedstopped here
  6. Law
Prime sponsor
Tom Huff (R-26)
Introduced
January 14, 1998 in the House
Last action
March 27, 1998
Requested by
Other
Companion bill
SB 6192

Sponsors

Prime sponsor: Tom Huff (R-26)

4 co-sponsors (2 Democrats, 2 Republicans)

Votes

House · Final Passage

February 13, 1998
Version voted on: HB 2429
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat41000
Republican57000
How each member voted

Yea (98)

Senate · Final Passage

March 4, 1998
Version voted on: HB 2429
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat23000
Republican24002
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 2429 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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