HB4955 - 104th General Assembly (2025-2026)
EMPLOYEE OWNERSHIP DEVELOPMENT
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Employee Ownership Development Act. Provides that the State Treasurer shall segregate a portion of the Treasurer's State investment portfolio in the Employee Ownership Development Account. Provides that moneys in the Employee Ownership Development Account shall be invested by the State Treasurer to provide employee ownership capital to employee ownership development projects seeking to locate, expand, or remain in the State. Sets forth provisions concerning Employee Ownership Development Account-Recipient Funds. Provides that the Employee Ownership Development Fund is created as a non-appropriated trust fund within the State treasury, which may receive a portion of earnings from the Employee Ownership Development Account. Provides for reporting requirements. Provides that the State Treasurer may adopt rules necessary to implement the Act. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/04/2026 | House | Filed with the Clerk by Rep. Will Guzzardi |
| 2/06/2026 | House | First Reading |
| 2/06/2026 | House | Referred to Rules Committee |
| 3/04/2026 | House | Assigned to Revenue & Finance Committee |
| 3/27/2026 | House | Rule 19(a) / Re-referred to Rules Committee |