Investment of public funds; qualified public entity allowed to invest in asset-backed securities. (SB510)

Introduced By

Sen. Bill Stanley (R-Moneta)


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 HB 356. Read the Bill »


Bill Has Passed


01/09/2024Prefiled and ordered printed; offered 01/10/24 24102814D
01/09/2024Referred to Committee on Finance and Appropriations
01/12/2024Impact statement from DPB (SB510)
01/24/2024Senate committee, floor amendments and substitutes offered
01/24/2024Reported from Finance and Appropriations with substitute (14-Y 0-N) (see vote tally)
01/24/2024Committee substitute printed 24106101D-S1
01/25/2024Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/26/2024Impact statement from DPB (SB510S1)
01/26/2024Read second time
01/26/2024Reading of substitute waived
01/26/2024Committee substitute agreed to 24106101D-S1
01/26/2024Engrossed by Senate - committee substitute SB510S1
01/29/2024Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/13/2024Placed on Calendar
02/13/2024Read first time
02/13/2024Referred to Committee on Appropriations
02/15/2024Assigned App. sub: General Government and Capital Outlay
02/19/2024Reported from Appropriations (22-Y 0-N) (see vote tally)
02/21/2024Read second time
02/22/2024Read third time
02/22/2024Passed House BLOCK VOTE (99-Y -0-N)
02/22/2024VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/27/2024Bill text as passed Senate and House (SB510ER)
02/27/2024Signed by Speaker
02/28/2024Impact statement from DPB (SB510ER)
03/01/2024Signed 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 66 (effective 7/1/24)
03/14/2024G Acts of Assembly Chapter text (CHAP0066)

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