Bill > S1649

Introduced Session

This bill requires the State Investment Council to issue certain reports required under current law by August 1, October 1 by February 1, and May 1, of each fiscal year listing in the aggregate and segregated by asset class, the investment returns achieved by the State-administered retirement system funds under the council's supervision by external managers. The bill requires that these reports be submitted to the Governor, the Legislature, and the State Treasurer. The bill requires that the rate and fees external managers need to disclose under current law are for investment funds in commodities, hedge funds, private equities, real estate, bonds, equities, and any other asset class, and that the rate and fees be included in the new quarterly report. In addition, the bill provides that regulations adopted by the council that address political contributions are to apply equally to contributions to any federal or national committee or a non-State political committee as to any other committee covered thereby.

AI Summary

Committee Categories

Shirley Turner (D)*, 

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 02/14/2022)

Official Document