Pennsylvania 2019-2020 Regular Session Status: In Committee 1 R cosponsors

HB 628 — An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in Treasury Department, further providing for investment of moneys.

Last action — Re-committed to APPROPRIATIONS

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

20 added · 21 removed

Plain-language change summary

The amendment to Bill HB 628 extends the authority for the Treasury Department to invest or reinvest state funds until December 31, 2024, instead of the previous deadline of December 31, 2021. This change is significant because it allows for a longer period of investment, which could potentially lead to better financial returns for the Commonwealth. By maintaining the investment authority, the state can better manage its funds and adapt to changing financial conditions.

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PRIOR PRINTER'S NO.
PRINTER'S NO.
623 PRINTER'S NO.
623 THE GENERAL ASSEMBLY OF PENNSYLVANIA HOUSE BILL Session of No.
884 THE GENERAL ASSEMBLY OF PENNSYLVANIA HOUSE BILL Session of No.
MILLER, FEBRUARY 28, 2019 AS REPORTED FROM COMMITTEE ON FINANCE, HOUSE OF REPRESENTATIVES, AS AMENDED, MARCH 13, 2019 AN ACT Amending the act of April 9, 1929 (P.L.343, No.176), entitled, as amended, "An act relating to the finances of the State government;
MILLER, FEBRUARY 28, 2019 REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 28, 2019 AN ACT Amending the act of April 9, 1929 (P.L.343, No.176), entitled, as amended, "An act relating to the finances of the State government;
providing for the settlement, assessment, collection, and lien of taxes, bonus, and all other accounts due the Commonwealth, the collection and recovery of fees and other money or property due or belonging to the Commonwealth, or any agency thereof, including escheated property and the disposition of funds and securities belonging to or in ther possession of the Commonwealth, and the settlement of claims against the Commonwealth, the resettlement of accounts and appeals to the courts, refunds of moneys erroneously paid to the Commonwealth, auditing the accounts of the Commonwealth and all agencies thereof, of all public officers collecting moneys payable to the Commonwealth, or any agency thereof, and all receipts of appropriations from the Commonwealth, authorizing the Commonwealth to issue tax anticipation notes to defray current expenses, implementing the provisions of section 7(a) of Article VIII of the Constitution of Pennsylvania authorizing and restricting the incurring of certain debt and imposing penalties;
providing for the settlement, assessment, collection, and lien of taxes, bonus, and all other accounts due the Commonwealth, the collection and recovery of fees and other money or property due or belonging to the Commonwealth, or any agency thereof, including escheated property and the proceeds of its sale, the custody and disbursement or other possession of the Commonwealth, and the settlement of claims against the Commonwealth, the resettlement of accounts and appeals to the courts, refunds of moneys erroneously paid to the Commonwealth, auditing the accounts of the Commonwealth and all agencies thereof, of all public officers collecting moneys payable to the Commonwealth, or any agency thereof, and all receipts of appropriations from the Commonwealth, authorizing the Commonwealth to issue tax anticipation notes to defray current expenses, implementing the provisions of section 7(a) of Article VIII of the Constitution of Pennsylvania authorizing and restricting the incurring of certain debt and imposing penalties;
Investment of Moneys.--* * * (i) * * * (2) The authority to invest or reinvest the moneys of any fund pursuant to this subsection shall expire December 31, [2019] 2021 2024.
Investment of Moneys.--* * * (i) * * * (2) The authority to invest or reinvest the moneys of any fund pursuant to this subsection shall expire December 31, [2019] 2021.
The Treasury Department may maintain <-- investments pursuant to this subsection which are in existence on the expiration date in this paragraph for not more than two years following such expiration date.
The Treasury Department may maintain investments pursuant to this subsection which are in existence on the expiration date in this paragraph for not more than two years following such expiration date.
20190HB0628PN0884 - 2 -
20190HB0628PN0623 - 2 -
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Amendments

1 amendment

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Action History

  1. Re-committed to APPROPRIATIONS

  2. Second consideration

  3. Removed from table

  4. Laid on the table

  5. First consideration

  6. PN 0884 Reported as amended

  7. PN 0623 Referred to FINANCE

Sponsors

  • Brett R. Miller · Cosponsor
  • Readshaw · Cosponsor
  • Ryan · Cosponsor
  • Millard · Cosponsor
  • Pyle · Cosponsor
  • Saylor · Cosponsor
  • Aaron Kaufer · Primary

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 246 not signed on

Sponsors (1)

Co-sponsors (6)

Not signed on (246)

246 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 628?
HB 628 is sponsored by Brett R. Miller (Republican), Readshaw, Ryan, Millard, Pyle, Saylor, and Aaron Kaufer.
What is the current status of HB 628?
This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 628?
Track HB 628 free on One Click Politics — get push/email alerts when it moves.

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