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Committee approves updates to treasurer's investment statutes in SB454
INSURANCE & COMMERCE - SENATE · March 14, 2019
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Summary
The committee passed SB454, which updates state treasurer statutes on allowable investments, replaces a three-quote bidding phrase with a competitive-procedure standard approved by the state board of finance, and changes an internal designation for a compliance officer.
The Senate Insurance & Commerce committee approved SB454, a bill to update multiple provisions of the state treasurer’s statutory code to reflect current investment practice and oversight.
State Treasurer’s Office representative Ed Garner introduced himself for the record and answered the committee’s…
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