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FL H0669
Bill
Status
Passed
6/24/2025
Primary Sponsor
State Affairs Committee
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AI Summary
- Amends section 218.415, Florida Statutes, governing local government investment policies
- Prohibits local government governing bodies from requiring a minimum bond rating for investments authorized under paragraph (16)(f), which covers bonds issued by the State of Israel
- Removes a potential barrier to local government investment in Israeli bonds by preventing credit rating requirements from being used to restrict such purchases
- Maintains all other existing requirements for local government investment policies, including prioritizing safety of principal and liquidity over optimization of returns
- Takes effect July 1, 2025
Legislative Description
Israeli Bonds
Last Action
Chapter No. 2025-174
6/24/2025
Committee Referrals
State Affairs3/20/2025
Ways and Means Committee3/14/2025
Intergovernmental Affairs Subcommittee2/26/2025
Full Bill Text
No bill text available