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FL H1013
Bill
Status
Failed
3/8/2024
Primary Sponsor
Cyndi Stevenson
Click for details
AI Summary
- Amends s. 215.47, Florida Statutes, to authorize the State Board of Administration and its affiliated limited liability entities to issue securities and borrow money through loans, bonds, equity securities, and other financial obligations
- Caps borrowing and securities issuance at no more than 5 percent of any fund managed by the Board
- Permits issued securities to be unsecured, secured by alternative investments (as defined in s. 215.4401(3)(a)) or related cash flows, guaranteed by the related fund, or governed by financial covenants
- Takes effect upon becoming law
Legislative Description
State Board of Administration
Last Action
Died in State Affairs Committee
3/8/2024
Committee Referrals
State Affairs2/8/2024
Appropriations2/1/2024
Constitutional Rights, Rule of Law & Government Operations Subcommittee1/8/2024
Full Bill Text
No bill text available