Kentucky House Bill 408 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 10 2020 - 25% progression, died in committee
Action: 2020-02-12 - to State Government (H)
Pending: House State Government Committee
Text: Latest bill text (Introduced) [PDF]

Amend KRS 16.642, 61.650, 78.790, and 161.430, to establish a goal for the Kentucky Retirement Systems and the Teachers' Retirement System to invest at least 1.5% of fund assets in Kentucky private equity fund investments provided any such investment is consistent with the board's fiduciary responsibility and duties; define Kentucky private equity fund investments as an entity that makes, manages, or sources potential investments in Kentucky businesses from individuals or institutional investors; establish requirements for the systems to notify the business community of potential investment opportunity with the systems; require reporting to the Legislative Research Commission on progress toward the goal of investment system assets in Kentucky private equity funds.

AN ACT relating to Kentucky investments by public pension funds.

Rep. Jason Nemes [R]

Date	Chamber	Action
2020-02-12	House	to State Government (H)
2020-02-10	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/hb408.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb408/orig_bill.pdf