Bill Text: FL S1314 | 2022 | Regular Session | Introduced

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Bill Title: State Board of Administration Alternative Investments

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2022-03-14 - Died in Appropriations [S1314 Detail]

Download: Florida-2022-S1314-Introduced.html

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       Florida Senate - 2022                                    SB 1314
       
       
        
       By Senator Hooper
       
       
       
       
       
       16-01535-22                                           20221314__
    1                        A bill to be entitled                      
    2         An act relating to State Board of Administration
    3         alternative investments; amending s. 215.47, F.S.;
    4         increasing the percentage of certain funds the State
    5         Board of Administration may invest in alternative
    6         investments; providing an effective date.
    7          
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         Section 1. Subsection (15) of section 215.47, Florida
   11  Statutes, is amended to read:
   12         215.47 Investments; authorized securities; loan of
   13  securities.—Subject to the limitations and conditions of the
   14  State Constitution or of the trust agreement relating to a trust
   15  fund, moneys available for investments under ss. 215.44-215.53
   16  may be invested as follows:
   17         (15) With no more, in the aggregate, than 30 20 percent of
   18  any fund in alternative investments through participation in an
   19  alternative investment vehicle as those terms are defined in s.
   20  215.4401(3)(a), or in securities or investments that are not
   21  publicly traded and not otherwise authorized by this section.
   22         Section 2. This act shall take effect July 1, 2022.