MD SB776 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Unknown
Status: Passed on April 25 2024 - 100% progression
Action: 2024-04-25 - Approved by the Governor - Chapter 144
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Unknown
Status: Passed on April 25 2024 - 100% progression
Action: 2024-04-25 - Approved by the Governor - Chapter 144
Text: Latest bill text (Chaptered) [PDF]
Summary
Requiring the Treasurer to consult with governmental entities prior to proposing certain regulations; requiring the Treasurer to adopt regulations, on or before December 1, 2024, that specify asset classes in which the Treasurer may invest; requiring the Treasurer to notify governing bodies of certain governmental entities about certain updates to certain investment standards; authorizing the Treasurer to retain investments made prior to the effective date of the Act until the investments have reached their respective maturity dates; etc.
Title
State Investment Portfolio and Local Government Investment Guidelines - Investment Standards
Sponsors
| No sponsor information available at this time. |
Roll Calls
2024-04-02 - House - Third Reading Passed (Y: 137 N: 0 NV: 1 Abs: 3) [PASS]
2024-02-29 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-29 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-25 | Senate | Approved by the Governor - Chapter 144 |
| 2024-04-03 | Senate | Returned Passed |
| 2024-04-02 | House | Third Reading Passed (137-0) |
| 2024-03-29 | House | Second Reading Passed |
| 2024-03-29 | House | Favorable Adopted |
| 2024-03-29 | House | Favorable Report by Appropriations |
| 2024-03-16 | House | Hearing 3/19 at 1:00 p.m. |
| 2024-03-01 | House | Referred Appropriations |
| 2024-02-29 | Senate | Third Reading Passed (46-0) |
| 2024-02-27 | Senate | Second Reading Passed with Amendments |
| 2024-02-27 | Senate | Favorable with Amendments {813628/1 Adopted |
| 2024-02-26 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2024-02-01 | Senate | Hearing 2/14 at 1:00 p.m. |
| 2024-02-01 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB846 (Crossfiled) 2024-04-25 - Approved by the Governor - Chapter 143
Subjects
Emergency Bills
Investments
Notices
Procurement
Revenue and Taxes
Rules and Regulations
Safety
Standards and Best Practices
State Government - Agencies, Offices, and Officials
Treasurers
Investments
Notices
Procurement
Revenue and Taxes
Rules and Regulations
Safety
Standards and Best Practices
State Government - Agencies, Offices, and Officials
Treasurers
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Local Government | 17 | 204 | (n/a) | See Bill Text |
| State Finance and Procurement | 6 | 222 | (n/a) | See Bill Text |
