| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | HB 971 2022 | |
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | CODING: Words stricken are deletions; words underlined are additions. | |
| 8 | 8 | hb0971-00 | |
| 9 | 9 | Page 1 of 1 | |
| 10 | 10 | 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 | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | A bill to be entitled 1 | |
| 15 | 15 | An act relating to State Board of Administration 2 | |
| 16 | 16 | alternative investments; amending s. 215.47, F.S.; 3 | |
| 17 | 17 | increasing the percentage of certain funds the State 4 | |
| 18 | 18 | Board of Administration may use to invest in 5 | |
| 19 | 19 | alternative investments; providing an effective date. 6 | |
| 20 | 20 | 7 | |
| 21 | 21 | Be It Enacted by the Legislature of the State of Florida: 8 | |
| 22 | 22 | 9 | |
| 23 | 23 | Section 1. Subsection (15) of section 215.47, Florida 10 | |
| 24 | 24 | Statutes, is amended to read: 11 | |
| 25 | 25 | 215.47 Investments; authorized securities; loan of 12 | |
| 26 | 26 | securities.—Subject to the limitations and conditions of the 13 | |
| 27 | 27 | State Constitution or of the trust agreement relating to a trust 14 | |
| 28 | 28 | fund, moneys available for investments under ss. 215.44 -215.53 15 | |
| 29 | 29 | may be invested as follows: 16 | |
| 30 | 30 | (15) With no more, in the aggregate, than 30 20 percent of 17 | |
| 31 | 31 | any fund in alternative investments through participation in an 18 | |
| 32 | 32 | alternative investment vehicle as those terms are defined in s. 19 | |
| 33 | 33 | 215.4401(3)(a), or in securities or investments that are not 20 | |
| 34 | 34 | publicly traded and not otherwise authorized by this section. 21 | |
| 35 | 35 | Section 2. This act shall take effect July 1, 2022. 22 |