Investment of Public Funds Act; investment of public funds in Virginia Investment Pool Trust Fund. (HB2105)

Introduced By

Del. Kathy Byron (R-Lynchburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Investment of Public Funds Act; investment of funds in the Virginia Investment Pool Trust Fund. Authorizes public officers, municipal corporations, and other political subdivisions to invest any or all of the moneys belonging to them or within their control, other than sinking funds, in the Virginia Investment Pool Trust Fund administered by the Virginia Local Government Finance Corporation, provided that such investments comply with the requirements of the Investment of Public Funds Act ( 2.2-4500 et seq.) applicable to municipal corporations and other political subdivisions. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2017Committee
01/10/2017Prefiled and ordered printed; offered 01/11/17 17102038D
01/10/2017Referred to Committee on General Laws
01/16/2017Assigned GL sub: Subcommittee #4
01/18/2017Impact statement from DPB (HB2105)
01/19/2017Referred from General Laws
01/19/2017Referred to Committee on Finance
01/20/2017Assigned Finance sub: Subcommittee #1
01/25/2017Subcommittee recommends reporting with substitute (8-Y 1-N)
01/30/2017Reported from Finance with substitute (20-Y 2-N) (see vote tally)
01/30/2017Committee substitute printed 17104744D-H1
01/31/2017Impact statement from DPB (HB2105H1)
01/31/2017Read first time
02/01/2017Read second time
02/01/2017Committee substitute agreed to 17104744D-H1
02/01/2017Engrossed by House - committee substitute HB2105H1
02/02/2017Read third time and passed House (92-Y 3-N)
02/02/2017VOTE: PASSAGE (92-Y 3-N) (see vote tally)
02/03/2017Constitutional reading dispensed
02/03/2017Referred to Committee on Finance
02/14/2017Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/14/2017Committee substitute printed 17105291D-S1
02/15/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/15/2017Impact statement from DPB (HB2105S1)
02/16/2017Read third time
02/16/2017Reading of substitute waived
02/16/2017Committee substitute agreed to 17105291D-S1
02/16/2017Engrossed by Senate - committee substitute HB2105S1
02/16/2017Passed Senate with substitute (39-Y 0-N) (see vote tally)
02/16/2017Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/16/2017Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/20/2017Placed on Calendar
02/20/2017Senate substitute agreed to by House 17105291D-S1 (92-Y 1-N)
02/20/2017VOTE: ADOPTION (92-Y 1-N) (see vote tally)
02/23/2017Enrolled
02/23/2017Bill text as passed House and Senate (HB2105ER)
02/23/2017Signed by Speaker
02/24/2017Impact statement from DPB (HB2105ER)
02/24/2017Signed by President
02/28/2017Enrolled Bill communicated to Governor on 2/28/17
02/28/2017G Governor's Action Deadline Midnight, March 27, 2017
03/24/2017Governor's recommendation received by House
04/05/2017Placed on Calendar
04/05/2017House concurred in Governor's recommendation (97-Y 0-N)
04/05/2017VOTE: ADOPTION (97-Y 0-N) (see vote tally)
04/05/2017Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally)
04/05/2017G Governor's recommendation adopted
04/05/2017Reenrolled
04/05/2017Reenrolled bill text (HB2105ER2)
04/05/2017Signed by Speaker as reenrolled
04/05/2017Signed by President as reenrolled
04/05/2017Enacted, Chapter 792 (effective 7/1/17)
04/05/2017G Acts of Assembly Chapter text (CHAP0792)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 4 minutes.

Transcript

This is a transcript of the video clips in which this bill is discussed.



Del. Bill Howell (R-Fredericksburg): AS MANY AS FAVOR THAT MOTION SAY AYE. OPPOSED NO. OWE -- AS MANY AS FAVOR THE MOTION RAISE YOUR RIGHT HAND. THOSE OPPOSED, SAME SIGN. >> HOUSE WILL COME TO ORDER. THE BILL FAILS TO BE ENGROSSED AND PASSED TO THIRD READING. >> MR. SPEAKER, AYES AND NAY'S AND DIVISION TO GET IT ON THE BOARD? AYES AND NAY'S? WHICH DO YOU WANT, DIVISION OR AYES AND NAY'S? AYES AND NAY'S. SHALL THE BILL BE ENGROSSED AND PASSED TO THIRD READING. AS MANY AS FAVOR THAT MOTION VOTE AYE. CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 45, NO'S 49. THE BILL FAILS TO BE
SR 146 BE CONSIDERED IN THE BLOCK IN THE USUAL MANNER, WAIVING THE READING OF THE RESOLUTIONS THEREOF WITH THE UNDERSTANDING THAT ANY SENATOR DESIRING A RESOLUTION REMOVED FROM THE BLOCK WOULD DO SO AFTER THE CLERK HAS READ THE TITLE OF THE RESOLUTION. ALL IN FAVOR OF THE MOTION SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THE MOTION IS AGREED TO.