Introduced
by
To permit municipalities that own a cemetery to invest up money in their “perpetual care and maintenance” reserve funds in high rated mutual funds that hold stocks and bonds, if the stock portion of the fund is limited to 60 percent of its holdings.
Referred to the Committee on Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Local Government and Municipal Finance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To require a specified type and amount of diversification in the stock portfolios.
The amendment passed by voice vote
Passed in the House 106 to 1 (details)
To permit municipalities that own a cemetery to invest up money in their “perpetual care and maintenance” reserve funds in high rated mutual funds that hold stocks and bonds, if the stock portion of the fund is limited to 60 percent of its holdings.
Passed in the Senate 38 to 0 (details)
