Virginia Senate Bill 614 (Prior Session Legislation)

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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

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.

Retirement System; authority to manage and invest certain funds.

Sen. Kenneth Stolle [R]

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

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB614