Investment of public funds; qualified public entity allowed to invest in asset-backed securities. (HB356)

Introduced By

Del. Buddy Fowler (R-Ashland) with support from co-patron Del. Marty Martinez (D-Leesburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Investment of public funds. Allows any qualified public entity of the Commonwealth to invest in asset-backed securities that are guaranteed by the United States or any agency thereof. This bill is identical to SB 510. Read the Bill »


Bill Has Passed


01/05/2024Prefiled and ordered printed; offered 01/10/24 24102813D
01/05/2024Referred to Committee on General Laws
01/11/2024Impact statement from DPB (HB356)
01/30/2024Referred from General Laws
01/30/2024Referred to Committee on Appropriations
01/31/2024Assigned App. sub: Commerce Agriculture & Natural Resources
02/02/2024Subcommittee recommends reporting with substitute (8-Y 0-N)
02/02/2024Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
02/02/2024House subcommittee amendments and substitutes offered
02/02/2024Committee substitute printed 24106906D-H1
02/05/2024Impact statement from DPB (HB356H1)
02/06/2024Read first time
02/07/2024Read second time
02/07/2024Committee substitute agreed to 24106906D-H1
02/07/2024Engrossed by House - committee substitute HB356H1
02/08/2024Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/08/2024VOTE: Block Vote Passage (98-Y 0-N) (see vote tally)
02/09/2024Constitutional reading dispensed
02/09/2024Referred to Committee on Finance and Appropriations
02/21/2024Reported from Finance and Appropriations (14-Y 0-N) (see vote tally)
02/22/2024Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/23/2024Read third time
02/23/2024Passed Senate (39-Y 0-N) (see vote tally)
02/28/2024Bill text as passed House and Senate (HB356ER)
02/28/2024Impact statement from DPB (HB356ER)
02/28/2024Signed by Speaker
03/02/2024Signed by President
03/11/2024Enrolled Bill communicated to Governor on March 11, 2024
03/11/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
03/14/2024G Approved by Governor-Chapter 65 (effective 7/1/24)
03/14/2024G Acts of Assembly Chapter text (CHAP0065)

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