Introduced
by
To allow funds in the children's trust fund to be invested in stocks. The bill is part of a package that would allow state restricted funds to invest in the same instruments allowed for state pension funds. This would require a vote of the people to change the Constitution, which currently prohibits this. The bill is tie-barred to Senate Joint Resolution T, which would place the question on the August 2002 statewide primary election ballot.
Referred to the Committee on Appropriations
Substitute offered
To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described. The substitute was amended to allow funds to be invested in the same manner proposed for the other state restricted funds tie-barred to Senate Joint Resolution T.
The substitute passed by voice vote
Passed in the Senate 34 to 0 (details)
To allow funds in the children's trust fund to be invested in stocks. The bill is part of a package that would allow state restricted funds to invest in the same instruments allowed for state pension funds. This would require a vote of the people to change the Constitution, which currently prohibits this. The bill is tie-barred to Senate Joint Resolution T, which would place the question on the August 2002 statewide primary election ballot.
Amendment offered
by
To prohibit promotion of the fund through public service ads on radio and TV featuring a state official or member of the trust fund board.
The amendment failed 41 to 55 (details)
Passed in the House 98 to 0 (details)
To allow funds in the children's trust fund to be invested in stocks. The bill is part of a package that would allow state restricted funds to invest in the same instruments allowed for state pension funds. This would require a vote of the people to change the Constitution, which currently prohibits this. The bill is tie-barred to Senate Joint Resolution T, which would place the question on the August 2002 statewide primary election ballot.
