MD HB479 | 2021 | Regular Session
Note: Carryover of previous HB1254
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2021 - 25% progression
Action: 2021-01-19 - Hearing 2/03 at 1:30 p.m.
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2021 - 25% progression
Action: 2021-01-19 - Hearing 2/03 at 1:30 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, 2021; etc.
Title
State Retirement and Pension System - Investment Management Fees
Sponsors
| Del. Kumar Barve [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-19 | House | Hearing 2/03 at 1:30 p.m. |
| 2021-01-15 | House | First Reading Appropriations |
Same As/Similar To
HB1254 (Carry Over) 2020-02-10 - Hearing 3/10 at 1:00 p.m.
Subjects
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 | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0479?ys=2021RS |
| Text | http://mgaleg.maryland.gov/2021RS/bills/hb/hb0479f.pdf |
