Virginia House Bill 289 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Virginia Retirement System; authority to manage and invest certain funds. Authorizes the Virginia Retirement System to manage and invest funds in a trust, or equivalent arrangement, established by a local government or other local entity to fund certain postemployment benefits. The bill provides that the Commonwealth would not be liable for any losses suffered by a local entity, or a trust or equivalent arrangement established by the local entity, on investments of such funds made by the Virginia Retirement System. In addition, no officer, director, or member of the Board of the Virginia Retirement System or of any advisory committee thereof, or any subsidiary corporation of the Virginia Retirement System whose actions are within the standard of care of a prudent person acting in a like capacity, would be liable for any investment losses.

Retirement System; authority to manage and invest certain funds.

Del. Morgan Griffith [R]

Date	Chamber	Action
2010-02-16		House: Left in Appropriations
2010-01-28		House: Subcommittee recommends no action by voice vote
2010-01-19		House: Assigned App. sub: Compensation and Retirement
2010-01-11		House: Referred to Committee on Appropriations
2010-01-11		House: Prefiled and ordered printed; offered 01/13/10 10101769D

Chapter	Article	Section	Citation Type	Statute Text
15	2	1547	(n/a)	See Bill Text
15	2	1548	(n/a)	See Bill Text
15	2	1549	(n/a)	See Bill Text
51	1	124.31	(n/a)	See Bill Text
51	1	124.37	(n/a)	See Bill Text
51	1	169	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB289
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB289+hil