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MS SB2051

Bill

Official Source

Status

Passed

3/27/2018

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Amends Mississippi Code Section 27-105-33 to authorize the State Treasurer to invest excess state funds in bonds issued, assumed, or guaranteed by the Country of Israel.

  • Israeli bond investments must be denominated in United States currency and rated as investment grade by at least one nationally recognized statistical rating agency.

  • Limits total Israeli bond investments to a maximum of $20,000,000 at any time.

  • Takes effect July 1, 2018.

Legislative Description

State funds; authorize excess to be invested in bonds issued, assumed or guaranteed by the Country of Israel.

Last Action

Approved by Governor

3/27/2018

Committee Referrals

Ways and Means2/19/2018
Finance1/3/2018

Full Bill Text

No bill text available