Mississippi Legislature
2005 Regular Session

Senate Bill 2448

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Bill Text

History of Actions

Background

Title

Description: PERS investments; allow investments in types of investments not specifically listed.

Bill Text: [Introduced]

History of Actions:

1 01/14 (S) Referred To Finance
2 01/20 (S) Title Suff Do Pass
3 02/09 (S) Recommitted to Committee
4 02/09 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2005
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

Senate Committee:

Principal Author: Robertson

Code Section: A 025-0011-0121

Title: AN ACT TO AMEND SECTION 25-11-121, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO INVEST NOT MORE THAN 10% OF THE TOTAL BOOK VALUE OF THE SYSTEM IN TYPES OF INVESTMENTS NOT SPECIFICALLY LISTED IN THIS SECTION IF THE INVESTMENTS ARE IN THE FORM OF A LIMITED PARTNERSHIP, COMMINGLED FUND OR SEPARATE ACCOUNT MANAGED BY A SECURITIES AND EXCHANGE COMMISSION REGISTERED INVESTMENT ADVISORY FIRM RETAINED AS AN INVESTMENT MANAGER BY THE BOARD; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/09/05 at 09:55.

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2005/html/History/SB/SB2448.htm