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HI HB1356

Bill

Official Source

Status

Enrolled

4/14/2015

Primary Sponsor

Romy Cachola

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends section 87A-24 of Hawaii Revised Statutes to broaden the Hawaii Employer-Union Health Benefits Trust Fund (EUTF) board's investment authority.

  • Changes investment provisions from a limited list of specific investment types to allow the EUTF to invest moneys in the same manner as the Employees' Retirement System under section 88-119.

  • Removes previous restrictions that limited EUTF investments to specific subsections of section 88-119, providing greater flexibility in investment strategy.

  • Takes effect on January 7, 2059.

Legislative Description

EUTF; Investments

Last Action

Received notice of discharge of conferees (Hse. Com. No. 610).

4/15/2016

Committee Referrals

Ways and Means3/27/2015
Judiciary and Labor3/12/2015
Finance2/2/2015

Full Bill Text

No bill text available