Bill: HB 1701, 85(R) - 2017
Committee
House Investments & Financial Services
2nd Chamber Committee
Senate Business & Commerce
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| 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.
