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Latest Update: Wednesday, July, 23rd 2008
Companion Bill SB3054. Trusts - Authorizes the investment committee of a political subdivision to adopt an investment policy authorizing the investment and management of trust assets in accordance with the investment policy the political subdivision uses to manage pension assets; requires that the pension management fund conform to the Tennessee Uniform Prudent Investor Act in order for this authorization to apply. - Amends TCA Title 8. Fiscal Summary for HB3505 / *SB3054Increase Local Expenditures - Not Significant Bill Summary for HB3505 / *SB3054 Under present law, a political subdivision may, by resolution adopted and approved by its chief governing body, establish an investment trust for the purpose of pre-funding other post-employment benefits accrued by employees of the political subdivision, to be paid as they come due in accordance with [...] show full description
- 05/08/2008 - Public Chapter 742
- 05/08/2008 - Effective date(s) 04/10/08
- 04/10/2008 - Signed by Governor.
- 04/03/2008 - Transmitted to Governor for his action.
- 04/03/2008 - Signed by Senate Speaker
show all actions- 05/08/2008 - Public Chapter 742
- 05/08/2008 - Effective date(s) 04/10/08
- 04/10/2008 - Signed by Governor.
- 04/03/2008 - Transmitted to Governor for his action.
- 04/03/2008 - Signed by Senate Speaker
- 04/02/2008 - Signed by House Speaker
- 04/01/2008 - Engrossed; ready for transmission to Sen.
- 04/01/2008 - Enrolled; ready for sig. of House Speaker.
- 03/31/2008 - Passed Senate, Ayes 32, Nays 0
- 03/31/2008 - Senate Substituted House Bill for Companion Senate Bill
- 03/31/2008 - Passed House, as am., Ayes 96, Nays 0
- 03/31/2008 - H. adopted am.(Amendment 1 of 0 - HA1003)
- 03/27/2008 - H. Placed on Regular Calendar for 3/31/08
- 03/25/2008 - Placed on Calendar Calendar & Rules Committee for 03/27/2008
- 03/18/2008 - Recommended For Passage Referred to: Calendar & Rules Committee
- 03/12/2008 - Placed on Calendar Finance, Ways & Means Committee for 03/18/2008
- 03/12/2008 - Recommended For Passage by Subcommittee Referred to Finance, Ways & Means Committee
- 03/05/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 03/12/2008
- 02/20/2008 - Assigned to Subcommittee Budget of FW&M
- 01/28/2008 - Passed second consideration, Referred to Finance
- 01/24/2008 - Introduced, Passed first consideration
- 01/23/2008 - Filed for Introduction
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Fiscal Notes
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