Kentucky House Bill 75 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 4-2)
Status: Vetoed on April 26 2018 - 100% progression
Action: 2018-04-26 - vetoed
Text: Latest bill text (Draft #3) [PDF]

Amend KRS 66.480, relating to investments for local governments, to remove the 20% restriction from securities and to add to the permitted investments local governments may make mutual funds, closed-end, and exchange-traded funds and funds investing in individual preferred stock or equities as long as no more than 7% of the portfolio is composed of individual equities at the time of purchase and qualifying high-quality corporate bonds if the funds are managed by a professional investment advisor; specify that these two additional investment types cannot exceed 20% of the total amount of money invested by the local government; establish an investment limit of 5% of the total amount of money invested in any one issuer unless the issuer is the U.S. government or an agency thereof, or an entity whose obligations are guaranteed by the federal government.

AN ACT relating to investments made by local governments.

Rep. Steven Riggs [D]	Rep. Jeff Greer [D]	Rep. Adam Koenig [R]	Rep. Jerry Miller [R]
Rep. Melinda Prunty [R]	Rep. Rob Rothenburger [R]

2018-04-14 - House - House: Third Reading RCS# 522 (Y: 83 N: 1 NV: 0 Abs: 16) [PASS]
2018-04-14 - Senate - Senate: Third Reading W/SCS 1, SCTA 1 RSN# 768 (Y: 34 N: 4 NV: 0 Abs: 0) [PASS]
2018-01-23 - House - House: Third Reading RCS# 45 (Y: 95 N: 0 NV: 0 Abs: 3) [PASS]

Date	Chamber	Action
2018-04-26	House	vetoed
2018-04-14	House	delivered to Governor
2018-04-14	House	enrolled, signed by President of the Senate
2018-04-14	House	enrolled, signed by Speaker of the House
2018-04-14	House	passed 83-1
2018-04-14	House	House concurred in Senate Committee Substitute (1) and committee amendment (1-title)
2018-04-14	House	posted for passage for concurrence in Senate Committee Substitute (1) committee amendment (1-title)
2018-04-14	House	taken from Rules
2018-04-14	House	to Rules (H)
2018-04-14	House	received in House
2018-04-14	Senate	3rd reading, passed 34-4 with Committee Substitute and committee amendment (1-title)
2018-04-14	Senate	floor amendments (1) (2-title) (3-title) and (4) withdrawn
2018-04-14	Senate	placed in the Consent Orders of the Day for Saturday, April 14, 2018
2018-04-14	Senate	taken from Rules (S)
2018-04-14	Senate	reported favorably, to Rules with Committee Substitute and committee amendment (1-title) as a consent bill
2018-04-14	Senate	reassigned to Veterans, Military Affairs, & Public Protection (S)
2018-04-14	Senate	recommitted to Appropriations & Revenue (S)
2018-04-14	Senate	taken from Rules (S)
2018-04-13	Senate	floor amendments (3-title) and (4) filed
2018-04-02	Senate	floor amendments (1) and (2-title) filed
2018-03-15	Senate	2nd reading, to Rules
2018-03-14	Senate	reported favorably, 1st reading, to Consent Calendar
2018-01-25	Senate	to State & Local Government (S)
2018-01-24	Senate	received in Senate
2018-01-23	House	3rd reading, passed 95-0 with Committee Substitute and floor amendment (1)
2018-01-22	House	posted for passage in the Regular Orders of the Day for Tuesday, January 23, 2018
2018-01-18	House	floor amendment (1) filed to Committee Substitute
2018-01-18	House	2nd reading, to Rules
2018-01-17	House	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
2018-01-04	House	posted in committee
2018-01-02	House	to Local Government (H)
2018-01-02	House	introduced in House
2017-12-07	House	Prefiled by the sponsor(s).

Type	Source
Summary	http://www.lrc.ky.gov/record/18RS/HB75.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/bill.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/HCS1.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/HFA1.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/SFA1.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/SFA2.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/SFA3.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/SFA4.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/SCS1.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB75/SCA1.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/18RS/HB75/LM.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/18RS/HB75/HCS1LM.pdf
Roll Call	http://www.lrc.ky.gov/record/18RS/HB75/vote_history.pdf