92nd General Assembly
Summary of HB4159
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House Sponsors:
SCHOENBERG-GARRETT-MAY-MATHIAS-FEIGENHOLTZ, LANG, SLONE AND COULSON.

Senate Sponsors:
SULLIVAN-PARKER-SILVERSTEIN-LINK

Short description: 
ST TREAS-INVEST FOREIGN BONDS                                              

Synopsis of Bill as introduced:
        Amends the Deposit of State Moneys Act.  Provides that the  State      
   Treasurer  may  invest  in  bonds, notes, debentures, or other similar      
   obligations of a foreign government that are guaranteed  by  the  full      
   faith  and credit of that government as to principal and interest, but      
   only if the foreign government has  not  defaulted  and  has  met  its      
   payment  obligations in a timely manner on all similar obligations for      
   a period of at least 25 years immediately before the time of acquiring      
   those obligations.                                                          
          FISCAL NOTE (State Treasurer)                                        
          House Bill 4159 will have no financial impact on the State.          
 
Last action on Bill: PUBLIC ACT.............................. 92-0546

   Last action date: JUN-13-2002

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status