Bill

HB 1701

85(R) - 2017
House Investments & Financial Services
Senate Business & Commerce
House Investments & Financial Services
Senate Business & Commerce
Business, Industry, & Commerce
Finance
Purchasing

Vote Recommendation

Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral

Author(s)

Tan Parker

Sponsor(s)

Kelly Hancock

Bill Caption

Relating to the presentation of the investment policy of certain governmental entities to a business organization that conducts investment transactions for the entity.

Fiscal Notes

No fiscal implication to the State is anticipated.

Bill Analysis

Under current law, a written copy of the investment policy must be presented to any person offering to engage in an investment transaction with an investing entity. HB 1701 would change the term "person" to "business organization". Additional procedures would be created in the agreement process regarding unauthorized investments. 

Vote Recommendation Notes

HB 1701 does not appear to have a connection to our liberty principles, therefore we remain neutral.