Indiana Senate Bill 191 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Enrolled on February 28 2012 - 75% progression, died in chamber
Action: 2012-03-14 - Signed by the Governor
Text: Latest bill text (Enrolled) [HTML]

Permits a political subdivision to authorize its investing officer to invest public funds for a maximum term of five years. (Under current law, the maximum term is generally two years.) Requires the fiscal body of the political subdivision to approve a written investment policy and adopt an ordinance to provide this authority. Provides that the authority expires on the date of the expiration of the policy which may not exceed four years. Limits the amount that may be invested for more than two years to 25% of the political subdivision's total portfolio of public fund investments, including transaction accounts. Changes population parameters to reflect the population count determined under the 2010 decennial census.

Local government investments.

Sen. James Buck [R]	Sen. Ed Charbonneau [R]	Sen. Doug Eckerty [R]	Sen. Lindel Hume [D]
Sen. Karen Tallian [D]

2012-02-28 - House - House - Third reading: passed (Y: 95 N: 0 NV: 2 Abs: 3) [PASS]
2012-01-19 - Senate - Senate - Third reading: passed (Y: 48 N: 0 NV: 1 Abs: 1) [PASS]

Date	Chamber	Action
2012-03-14		Signed by the Governor
2012-03-09		Signed by the President of the Senate
2012-03-08		Signed by the President Pro Tempore
2012-03-08		Signed by the Speaker
2012-02-28		Returned to the Senate without amendments
2012-02-28		Third reading: passed; Roll Call 265: yeas 95, nays 0
2012-02-27		Second reading: ordered engrossed
2012-02-23		Committee report: do pass, adopted
2012-02-09		Reassigned to Committee on Financial Institutions
2012-01-31		First reading: referred to Committee on Ways and Means
2012-01-19		Senator Tallian added as coauthor
2012-01-19		Senator Buck added as third author
2012-01-19		Cosponsor: Rep. Moseley
2012-01-19		House sponsor: Rep. Soliday
2012-01-19		Referred to the House
2012-01-19		Third reading: passed; Roll Call 19: yeas 48 and nays 0
2012-01-17		Senator Hume added as coauthor
2012-01-17		Senator Eckerty added as second author
2012-01-17		Amendment 1 (Charbonneau), prevailed;
2012-01-17		Second reading: amended, ordered engrossed
2012-01-12		Committee report: amend do pass, adopted
2012-01-04		First reading: referred to Committee on Local Government
2012-01-04		Authored by Senator Charbonneau

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2012&session=1&request=getBill&doctype=SB&docno=0191
Text	http://www.in.gov/legislative/bills/2012/IN/IN0191.1.html
Text	http://www.in.gov/legislative/bills/2012/SB/SB0191.1.html
Text	http://www.in.gov/legislative/bills/2012/SB/SB0191.2.html
Text	http://www.in.gov/legislative/bills/2012/ES/ES0191.1.html
Text	http://www.in.gov/legislative/bills/2012/SE/SE0191.1.html
Roll Call	http://www.in.gov/legislative/bills/2012/PDF/Srollcal/0019.PDF.pdf
Roll Call	http://www.in.gov/legislative/bills/2012/PDF/Hrollcal/0265.PDF.pdf