HB 6003 Summary

• Abolishes the Participant Local Government Advisory Council effective upon the bill becoming law.

• Removes references to the Participant Local Government Advisory Council from reporting and review requirements in sections 218.409, 218.421, and 218.422 of Florida Statutes.

• Eliminates the council's role in reviewing investment policies and receiving financial reports related to state trust funds for local government participants.

• Maintains the Investment Advisory Council and other existing oversight mechanisms while removing only the local government-specific advisory council.