Bill
HB 3765
Overview: HB 3765 is a bill relating to investments.Purpose and Intent: The bill aims to update and modernize the state's investment policies and regulations, potentially expanding
Overview: HB 3765 is a bill relating to investments.
Purpose and Intent: The bill aims to update and modernize the state's investment policies and regulations, potentially expanding the types of investments and financial instruments that can be utilized by state agencies and public pension funds.
Key Provisions:
- Revises the state's investment statutes to allow for a broader range of investment options, including alternative assets and derivatives
- Establishes new risk management and oversight requirements for state investment portfolios
- Authorizes the state investment commission to hire external investment managers and advisors
Affected Parties and Impacts: State agencies, public pension funds, and their investment portfolios will be directly affected by the changes introduced in this bill. Taxpayers and beneficiaries of public pension systems may also be impacted by the potential risks and returns associated with the new investment strategies.
Procedural and Timeline Considerations: The bill is currently in committee upon adjournment, indicating that it is still under consideration by the legislature and has not yet been passed.
Compiled from official sources — confirm details with the bill’s official record.
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