Advocacy Initiative
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Priority Bill
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Summary of the bill as introduced: Allows a qualified retiree post-employment benefit trust maintained for the benefit of a political subdivision retirees to invest in certain corporate debt.
04.21.2026 The House Ways and Means General Government subcommittee gave this bill a favorable report.
02.10.2026 The Senate Finance Retirement Systems subcommittee gave this bill a favorable report as amended. The amendment requires that the bonds be investment grade.
05.06.2026 The House Ways and Means Committee gave this bill a favorable report as amended. The amendment requires investments that are rated investment grade by certain rating organizations. The amendment also prohibits the co-mingling of investment funds with other funds of the municipality.
02.17.2026 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee. The subcommittee amendment requires that the bonds be investment grade.