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  • NJ A459
  • Provides State Investment Council must report private money managers' fee information and that council's regulations addressing political contributions will apply to federal or national committees and non-State political committees.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill requires the State Investment Council to issue a report by February 1, May 1, August 1, and October 1 of each year listing for the prior calendar quarter, in the aggregate and segregated by asset class, the returns of investments achieved for the funds under the council's supervision by external managers. In the report, the council shall disclose the rate, and amount, of fees charged by each external manager for the investment of funds in commodities, hedge funds, private equity, real estate, bonds, equities, or any other asset class. The council shall submit the report to the Governor, the Legislature, and the State Treasurer, and shall make it available to the public through the official Internet site of the State. In addition, the bill provides that regulations adopted by the council that address political contributions shall apply equally to contributions to any federal or national committee or a non-State political committee as to any other committee covered thereby. The purpose of this provision is to negate an exception to the Council's regulations addressing political contributions adopted on February 3, 2014.
Judiciary
Introduced, Referred to Assembly Judiciary Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Judiciary Committee
Date Motion Yea Nay Other
None specified