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FL S1674
Bill
Status
Introduced
2/28/2025
Primary Sponsor
Community Affairs
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AI Summary
- Amends Florida Statute 218.415 governing local government investment policies to prohibit local governments from requiring a minimum bond rating for certain authorized investments under paragraph (16)(f)
- Sponsored by the Senate Committee on Community Affairs and Senators Calatayud, Fine, and Polsky
- Applies specifically to the listing of authorized investments within a local government's written investment policy, which must prioritize safety of principal and liquidity over optimization of returns
- Investments not listed in a local government's adopted investment policy remain prohibited under existing law
- Effective date is July 1, 2025
Legislative Description
Unrated Bonds
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 669 (Ch. 2025-174)
4/24/2025
Committee Referrals
Rules4/17/2025
Fiscal Policy4/1/2025
Full Bill Text
No bill text available