HJR76 Alabama 2014 Session

Summary

Primary Sponsor

Johnny Mack Morrow

Democrat

Co-Sponsor

Greg Burdine

Session

Regular Session 2014

Title

Board of Control, of retirement systems, urged to rescind recent actions concerning authority making investments for the system

Summary

A nonbinding House Joint Resolution asking Alabama's RSA Board of Control to rescind recent limits on its authority to invest retirement funds.

What This Bill Does

If enacted, the resolution formally urges the RSA Board of Control to undo its recent restrictions on investment authority. It argues that quick, unrestricted investment decisions have driven RSA growth and that limiting this could hinder future opportunities. A copy of the resolution would be sent to the Governor.

Who It Affects

• Board of Control of the Retirement Systems of Alabama — as the entity urged to rescind the investment restrictions.
• RSA retirement system members and Alabama taxpayers — whose retirement fund growth and funding outlook could be affected by changes to investment authority and decision speed.

Key Provisions

• Urge the Board of Control of the RSA to rescind its recent actions concerning the authority to make investments for the RSA.
• Provide that a copy of the resolution be sent to the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Resolutions, Legislative