VA SB614 | 2008 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2008 - 25% progression, died in chamber
Action: 2008-03-03 - House: Left in Appropriations
Status: Introduced on January 9 2008 - 25% progression, died in chamber
Action: 2008-03-03 - House: Left in Appropriations
Summary
Virginia Retirement System; authority to manage and invest certain funds. Authorizes the Virginia Retirement System to manage and invest funds in a trust or equivalent arrangement established by a local government or other local entity to fund certain postemployment benefits. The bill would provide that the Commonwealth would not be liable for any losses suffered by a local entity, or a trust or equivalent arrangement established by the local entity, on investments of such funds made by the Virginia Retirement System. In addition, no officer, director, or member of the Board of the Virginia Retirement System or of any advisory committee thereof or any subsidiary corporation of the Virginia Retirement System whose actions are within the standard of care of a prudent person acting in a like capacity would be liable for any investment losses.
Title
Retirement System; authority to manage and invest certain funds.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2008-03-03 | House: Left in Appropriations | |
2008-02-11 | House: Referred to Committee on Appropriations | |
2008-02-11 | House: Read first time | |
2008-02-11 | House: Placed on Calendar | |
2008-01-21 | Senate: Communicated to House | |
2008-01-21 | Senate: Read third time and passed Senate (40-Y 0-N) | |
2008-01-18 | Senate: Read second time and engrossed | |
2008-01-17 | Senate: Constitutional reading dispensed (37-Y 0-N) | |
2008-01-16 | Senate: Reported from Finance (15-Y 0-N) | |
2008-01-09 | Senate: Referred to Committee on Finance | |
2008-01-09 | Senate: Prefiled and ordered printed; offered 01/09/08 080579328 |
Subjects
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB614 |