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Legislative Year: 2022 Change
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Bill Detail: HB22-1146

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Title Investment of Public School Fund Study And Report
Status Governor Signed (05/26/2022)
Bill Subjects
  • Education & School Finance (Pre & K-12)
House Sponsors C. Larson (R)
J. McCluskie (D)
Senate Sponsors P. Lundeen (R)
B. Kirkmeyer (R)
House Committee Education
Senate Committee Education
Date Introduced 02/04/2022
Summary

Legislative Interim Committee on School Finance. The bill
staggers the terms of the state treasurer's 3 appointed members to the
investment board, commencing with new appointments beginning on and
after July 1, 2022, to ensure that no more than 2 members' terms expire
in the same year.
The bill creates a working group, convened by the state treasurer,
Capital letters or bold & italic numbers indicate new material to be added to existing law.
to consider opportunities to improve earnings on the deposit and
investment of money in the fund, while safeguarding the endowment for
public schools and complying with state and federal laws relating to state
school trust lands and the fund. The bill authorizes the state treasurer,
after consulting with the investment board, to select the members of the
working group, and the bill specifies the issues the working group must
study. The state treasurer shall report the findings and recommendations
of the working group to the joint budget committee and to the education
committees of the house of representatives and of the senate during the
2023 legislative session.
The bill clarifies the time frame and circumstances in which a
realized investment loss to the fund may be offset by realized gains before
the general assembly is required to appropriate money to cover losses to
the fund.

Committee Reports
with Amendments
Full Text
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Fiscal Notes Fiscal Notes (04/19/2022) (most recent)  
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