HB492 Alabama 2015 Session

Signed by Governor

Bill Summary

Sponsors

Allen Treadaway

Session

Regular Session 2015

Title

Birmingham, Retirement and Relief System, investments are fixed income securities, Act 556, 1959 Reg. Sess., am'd.

Description

Relating to the Board of Managers of the City of Birmingham Retirement and Relief System; to further amend Section 4 of Act 556, 1959 Regular Session (Acts 1959, p. 1376), as amended by Act 2013-438, 2013 Regular Session; to amend the investment powers of the board of managers to require not less than 25 percent of investments to be in fixed income securities and remove the requirement of not more than ercent of equity securities as the total investments of the fund.

Subjects

Jefferson County

Bill Actions

Action Date	Chamber	Action
June 4, 2015	H	Delivered to Governor at 9:30 a.m. on June 4, 2015.
June 4, 2015	H	Assigned Act No. 2015-370.
June 4, 2015	H	Clerk of the House Certification
June 4, 2015	S	Signature Requested
June 3, 2015	H	Enrolled
June 3, 2015	H	Passed Second House
June 3, 2015	S	Motion to Read a Third Time and Pass adopted Roll Call 1380
June 3, 2015	S	Third Reading Passed
June 2, 2015	S	Read for the second time and placed on the calendar
May 19, 2015	S	Read for the first time and referred to the Senate committee on Local Legislation, Jefferson County
May 19, 2015	H	Motion to Read a Third Time and Pass adopted Roll Call 788
May 19, 2015	H	Third Reading Passed
May 14, 2015	H	Read for the second time and placed on the calendar
April 14, 2015	H	Read for the first time and referred to the House of Representatives committee on Jefferson County Legislation