Tracking Virginia’s General Assembly
since 2007.
SB614: Retirement System; authority to manage and invest certain funds.
Chief Patron
Sen.
Ken Stolle (R-8)
Ken Stolle
(R-8)
Suite 700 Virginia Beach, VA
Served: 1992–
Progress
| Introduced | |
| Passed Committee | |
| Passed House | |
| Passed Senate | |
| Signed by Governor | |
| Became Law |
Status
03/03/2008: Failed to Pass in Committee
Summary
Virginia Retirement System; authority to manage and invest certain funds. Authorizes the Virginia Retirement System to manage and invest funds in a trust or equivalent arrangement established by a local government or other local entity to fund certain postemployment benefits. The bill would provide that the Commonwealth would not be liable for any losses suffered by a local entity, or a trust or equivalent arrangement established by the local entity, on investments of such funds made by the Virginia Retirement System. In addition, no officer, director, or member of the Board of the Virginia Retirement System or of any advisory committee thereof or any subsidiary corporation of the Virginia Retirement System whose actions are within the standard of care of a prudent person acting in a like capacity would be liable for any investment losses.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/09/2008, 01/09/2008, 01/14/2008, 01/17/2008, 01/21/2008, 01/21/2008, 02/11/2008, 02/14/2008 and 02/14/2008.
Poll Results
2 votes
