Investment of Public Funds Act; investment of public funds in Virginia Investment Pool Trust Fund. (SB1416)

Introduced By

Sen. Steve Newman (R-Forest)

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
01/11/2017Presented and ordered printed 17103326D
01/11/2017Referred to Committee on Finance
01/18/2017Impact statement from DPB (SB1416)
02/01/2017Reported from Finance with substitute (13-Y 3-N) (see vote tally)
02/01/2017Committee substitute printed 17104937D-S1
02/02/2017Impact statement from DPB (SB1416S1)
02/02/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2017Read second time
02/03/2017Floor substitute printed 17105189D-S2 (Newman)
02/03/2017Committee substitute rejected 17104937D-S1
02/03/2017Reading of substitute waived
02/03/2017Substitute by Senator Newman agreed to 17105189D-S2
02/03/2017Engrossed by Senate - floor substitute SB1416S2
02/06/2017Read third time and passed Senate (38-Y 2-N) (see vote tally)
02/08/2017Placed on Calendar
02/08/2017Read first time
02/08/2017Referred to Committee on Finance
02/08/2017Impact statement from DPB (SB1416S2)
02/13/2017Reported from Finance (20-Y 2-N) (see vote tally)
02/14/2017Read second time
02/15/2017Floor substitute printed 17105482D-H1 (Byron)
02/15/2017Read third time
02/15/2017Substitute by Delegate Byron agreed to 17105482D-H1
02/15/2017Passed by for the day
02/15/2017Impact statement from DPB (SB1416H1)
02/16/2017Read third time
02/16/2017Engrossed by House - committee substitute SB1416H1
02/16/2017Passed House with substitute (95-Y 2-N)
02/16/2017VOTE: PASSAGE (95-Y 2-N) (see vote tally)
02/20/2017House substitute agreed to by Senate (39-Y 1-N) (see vote tally)
02/20/2017Title replaced 17105482D-H1
02/22/2017Enrolled
02/22/2017Bill text as passed Senate and House (SB1416ER)
02/22/2017Impact statement from DPB (SB1416ER)
02/22/2017Signed by President
02/22/2017Signed by Speaker
02/23/2017Enrolled Bill Communicated to Governor on 2/23/17
02/23/2017G Governor's Action Deadline Midnight, March 27, 2017
03/20/2017Governor's recommendation received by Senate
04/05/2017Senate concurred in Governor's recommendation (39-Y 1-N) (see vote tally)
04/05/2017House concurred in Governor's recommendation (99-Y 0-N)
04/05/2017VOTE: ADOPTION (99-Y 0-N) (see vote tally)
04/05/2017G Governor's recommendation adopted
04/05/2017Reenrolled
04/05/2017Reenrolled bill text (SB1416ER2)
04/05/2017Signed by President as reenrolled
04/05/2017Signed by Speaker as reenrolled
04/05/2017Enacted, Chapter 819 (effective 7/1/17)
04/05/2017G Acts of Assembly Chapter text (CHAP0819)

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 6 minutes.

Transcript

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



Sen. John Edwards (D-Roanoke): THE FEDERAL GOVERNMENT. IF THE FEDERAL GOVERNMENT WANTS TO ENFORCE THEIMMIGRATION LAWS WHY DON'T THEY PUT UP THE MONEY AND DO IT? REFORM THE IMMIGRATION LAWS SITTING IN CONGRESS FOR HOW MANY YEARS NOW AND THEY HAVE DONE NOTHING. THE ISSUE IS STRICTLY AN ISSUE AND THE EXCLUSIVELY AN ISSUE OF FEDERAL LAW. THE OTHER PROBLEM HERE IT SAYS THE LOCALITY THAT IS A SANCTUARY CITY. IF YOU COULD EVER DEFINE IT WITH ANY SPECIFICITY WOULD BE LIBEL FOR THE WRONGFUL ACTS OF AN ILLEGAL ALIEN? HOW WOULD YOU ENFORCE THAT? WHERE IS THE PROXIMATE CAUSE. I GUESS THEY MEAN UNDOCUMENTED PERSON IN THE CITY THAT COMMITS A WRONG, MAYBE INJURES SOMEBODY AND THE CITY IS RESPONSIBLE FOR THAT? YOU HAVE GOT TO BE KIDDING. I'M SHOCKED THAT THE CITIES AND