BILL · 1997–98 SESSION

SB 6192: Investment board operation

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 (SB 6192), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 14, Laws of 1998
  1. IntroducedJan 13, 1998
  2. Out of committee
  3. Passed SenateFeb 11, 1998
  4. Passed HouseFeb 27, 1998
  5. Governor
  6. LawMar 11, 1998
Prime sponsor
George Sellar (R-12)
Introduced
January 13, 1998 in the Senate
Last action
March 11, 1998
Session law
Chapter 14, Laws of 1998
Requested by
Other
Companion bill
HB 2429

Sponsors

Prime sponsor: George Sellar (R-12)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

February 11, 1998
Version voted on: SB 6192
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat23000
Republican25001
How each member voted

House · Final Passage

February 27, 1998
Version voted on: SB 6192
95 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat41000
Republican54003
How each member voted

Yea (95)

Excused (3)

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.

SB 6192 in other sessions

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

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