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AL HJR76
Joint Resolution
Status
1/22/2014
Primary Sponsor
Johnny Morrow
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AI Summary
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Urges the Board of Control of the Retirement Systems of Alabama (RSA) to rescind recent actions that impose restrictions on investment authority.
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Notes that Dr. David Bronner, the RSA's investment manager since 1973, grew the system's assets from approximately $500 million to over $30 billion.
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States that restrictions on Dr. Bronner's ability to make quick investment decisions would harm growth opportunities for the RSA and its members.
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Requires a copy of the resolution to be sent to the Governor.
Legislative Description
Board of Control, of retirement systems, urged to rescind recent actions concerning authority making investments for the system
Resolutions, Legislative
Last Action
Introduced and referred to the House of Representatives committee on Rules
1/22/2014