HB 971 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0971-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to State Board of Administration 2
alternative investments; amending s. 215.47, F.S.; 3
increasing the percentage of certain funds the State 4
Board of Administration may use to invest in 5
alternative investments; providing an effective date. 6
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Be It Enacted by the Legislature of the State of Florida: 8
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Section 1. Subsection (15) of section 215.47, Florida 10
Statutes, is amended to read: 11
215.47 Investments; authorized securities; loan of 12
securities.—Subject to the limitations and conditions of the 13
State Constitution or of the trust agreement relating to a trust 14
fund, moneys available for investments under ss. 215.44 -215.53 15
may be invested as follows: 16
(15) With no more, in the aggregate, than 30 20 percent of 17
any fund in alternative investments through participation in an 18
alternative investment vehicle as those terms are defined in s. 19
215.4401(3)(a), or in securities or investments that are not 20
publicly traded and not otherwise authorized by this section. 21
Section 2. This act shall take effect July 1, 2022. 22