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CT SB01235
CT SB01235An Act Implementing The Treasurer's Recommendations Concerning The Investment Advisory Council And Related Statutes And Concerning The Baby Bond Trust Program.
summary
Introduced
03/16/2023
03/16/2023
In Committee
05/04/2023
05/04/2023
Crossed Over
Passed
Dead
06/07/2023
06/07/2023
Introduced Session
2023 General Assembly
Bill Summary
To implement the Treasurer's recommendations concerning the Investment Advisory Council and related statutes.
AI Summary
This bill implements the Treasurer's recommendations concerning the Investment Advisory Council and related statutes. It expands the Treasurer's authority to appoint investment officers and personnel, allows the Investment Advisory Council to review and provide recommendations on the Treasurer's investment policy statement, requires the Treasurer to provide quarterly reports to the Council on investment service contracts, and establishes the Connecticut Baby Bond Trust to provide eligible individuals with funds upon their 18th birthday. The bill also makes other changes to the administration and investment of various state trust funds.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Finance, Revenue and Bonding Committee (Joint)
Last Action
File Number 705 (on 05/04/2023)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01235&which_year=2023 |
| Bill Analysis For File Copy 705 | https://www.cga.ct.gov/2023/BA/PDF/2023SB-01235-R000705-BA.PDF |
| Fiscal Note For File Copy 705 | https://www.cga.ct.gov/2023/FN/PDF/2023SB-01235-R000705-FN.PDF |
| BillText | https://www.cga.ct.gov/2023/TOB/S/PDF/2023SB-01235-R01-SB.PDF |
| BillText | https://www.cga.ct.gov/2023/TOB/S/PDF/2023SB-01235-R00-SB.PDF |
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