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OH HB507
Bill
Status
5/11/2010
Primary Sponsor
Linda Bolon
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AI Summary
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Amends Section 135.143 of the Revised Code to modify investment limits for debt interests issued by single issuers in the state's investment portfolio
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Increases the investment limit for debt interests from a single non-foreign issuer from one-half of one percent to one percent of the state's total average portfolio
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Sets the investment limit for debt interests from a single foreign nation issuer at one percent of the state's total average portfolio
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Clarifies that "state's portfolio" means the state's total average portfolio as determined and calculated by the Treasurer of State
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Applies to investments in corporate debt interests and foreign nation debt interests that meet required credit ratings from two nationally recognized rating agencies
Legislative Description
To alter the authority of the Treasurer of State to invest in single-issuer debt.
State Treasurer-alter authority to invest in single-issuer debt
Last Action
Committee Report
5/26/2010