MD HB1254 | 2020 | Regular Session
Note: Carry Foward to future HB479
Status
Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on February 7 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 3/10 at 1:00 p.m.
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 3/10 at 1:00 p.m.
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering a requirement that the Board of Trustees for the State Retirement and Pension System provide a quarterly estimate of certain external investment management services; prohibiting the Board of Trustees from incurring fees for external investment management services that exceed 0.2% of the market value of invested assets as of the last day of the preceding fiscal year; exempting from the prohibition certain fees incurred under a contract entered into on or before June 30, 2020; etc.
Title
State Retirement and Pension System - Investment Management Fees
Sponsors
Del. Kumar Barve [D] | Del. David Fraser-hidalgo [D] | Del. Robin Grammer [R] | Del. Shane Pendergrass [D] |
Del. Lily Qi [D] | Del. Dana Stein [D] | Del. Kriselda Valderrama [D] | Del. William Wivell [R] |
History
Date | Chamber | Action |
---|---|---|
2020-02-10 | House | Hearing 3/10 at 1:00 p.m. |
2020-02-07 | House | First Reading Appropriations |
Same As/Similar To
HB1254 (Carry Over) 2020-02-10 - Hearing 3/10 at 1:00 p.m.
Subjects
Committees and Commissions
Contracts
Fees
Investments
Retirement
Revenue and Taxes
State Employees
State Pensions and Retirement
Contracts
Fees
Investments
Retirement
Revenue and Taxes
State Employees
State Pensions and Retirement
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
State Personnel and Pensions | 21 | 123 | (n/a) | See Bill Text |
State Personnel and Pensions | 21 | 315 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1254?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/hb/hb1254f.pdf |