BILL · 2007–08 SESSION

SB 5766: Investment of funds

Eliminating limitations on the investment of certain state moneys.

Summary

  • The bill strikes the word "irreducible" from statutory references to the university permanent funds. It strikes language that limits investment of the university permanent funds to investments in public bonds or savings certificates.

From the Senate Bill Report (SB 5766), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 31, 2007
  2. Out of committeeFeb 21, 2007
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Karen Fraser (D-22)
Introduced
January 31, 2007 in the Senate
Last action
January 25, 2008
Requested by
Other
Companion bill
HB 1784

AN ACT Relating to investment of funds derived from the sale of lands set apart for institutions of higher education;

Sponsors

Votes

No recorded floor votes.

History

  1. Senate Rules "X" file.
  2. By resolution, reintroduced and retained in present status.
  3. Passed to Rules Committee for second reading.
  4. WM - Majority; do pass.
  5. First reading, referred to Ways & Means.

SB 5766 in other sessions

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

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