Kentucky 2018 Regular Session Status: Enacted

HB 75 — AN ACT relating to investments made by local governments. Amend KRS 66.480, relating to investments for local governments, to remove the 20% restriction from securities and to add to the permitted investments local governments may make mutual funds, closed-end, and exchange-traded funds and funds investing in individual preferred stock or equities as long as no more than 7% of the portfolio is composed of individual equities at the time of purchase and qualifying high-quality corporate bonds if the funds are managed by a professional investment advisor; specify that these two additional investment types cannot exceed 20% of the total amount of money invested by the local government; establish an investment limit of 5% of the total amount of money invested in any one issuer unless the issuer is the U.S. government or an agency thereof, or an entity whose obligations are guaranteed by the federal government.

Last action — Vetoed

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

This bill has been enacted into law. Introduced December 07, 2017. Enacted.

Prognosis

Advancing 60% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 6 sponsors

    6 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

Action History

  1. Vetoed

  2. Delivered to Governor

  3. Enrolled, signed by President of the Senate

  4. Enrolled, signed by Speaker of the House

  5. Passed 83-1

  6. House concurred in Senate Committee Substitute (1) and committee amendment (1-title)

  7. Posted for passage for concurrence in Senate Committee Substitute (1) committee amendment (1-title)

  8. Taken from Rules

  9. To Rules (H)

  10. Received in House

  11. 3rd reading, passed 34-4 with Committee Substitute and committee amendment (1-title)

  12. Floor amendments (1) (2-title) (3-title) and (4) withdrawn

  13. Placed in the Consent Orders of the Day for Saturday, April 14, 2018

  14. Taken from Rules (S)

  15. Reported favorably, to Rules with Committee Substitute and committee amendment (1-title) as a consent bill

  16. Reassigned to Veterans, Military Affairs, & Public Protection (S)

  17. Recommitted to Appropriations & Revenue (S)

  18. Taken from Rules (S)

  19. Floor amendments (3-title) and (4) filed

  20. Floor amendments (1) and (2-title) filed

  21. 2nd reading, to Rules

  22. Reported favorably, 1st reading, to Consent Calendar

  23. To State & Local Government (S)

  24. Received in Senate

  25. 3rd reading, passed 95-0 with Committee Substitute and floor amendment (1)

  26. Posted for passage in the Regular Orders of the Day for Tuesday, January 23, 2018

  27. Floor amendment (1) filed to Committee Substitute

  28. 2nd reading, to Rules

  29. Reported favorably, 1st reading, to Calendar with Committee Substitute (1)

  30. Posted in committee

  31. To Local Government (H)

  32. Introduced in House

  33. Prefiled by the sponsor(s).

Sponsors

  • S. Riggs · Primary
  • J. Greer · Primary
  • A. Koenig · Primary
  • J. Miller · Primary
  • M. Prunty · Primary
  • R. Rothenburger · Primary

Sponsorship breakdown

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6 sponsors · 0 co-sponsors · 132 not signed on

Sponsors (6)

  • S. Riggs
  • J. Greer
  • A. Koenig
  • J. Miller
  • M. Prunty
  • R. Rothenburger

Co-sponsors (0)

None.

Not signed on (132)

132 members have not signed on to this bill.

Show all 132 →

"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 75?
HB 75 is sponsored by S. Riggs, J. Greer, A. Koenig, J. Miller, M. Prunty, and R. Rothenburger.
What is the current status of HB 75?
This bill has been enacted into law. Introduced December 07, 2017. Enacted.
Where can I track HB 75?
Track HB 75 free on One Click Politics — get push/email alerts when it moves.

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