Loading chat...
FL S1028
Bill
AI Summary
- Authorizes the Florida 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
- Limits such borrowing and securities issuance to no more than 5 percent of any fund managed by the Board
- Permits these financial obligations to be unsecured, secured by alternative investments or related cash flows, guaranteed by the related fund, or governed by financial covenants
- Amends section 215.47, Florida Statutes, by adding a new subsection (22) to the existing list of authorized investment activities
- Takes effect immediately upon becoming law
Legislative Description
State Board of Administration
Last Action
Died in Governmental Oversight and Accountability
3/8/2024
Full Bill Text
No bill text available