Florida Senate - 2022 SB 1314 By Senator Hooper 16-01535-22 20221314__ 1 A bill to be entitled 2 An act relating to State Board of Administration 3 alternative investments; amending s. 215.47, F.S.; 4 increasing the percentage of certain funds the State 5 Board of Administration may invest in alternative 6 investments; providing an effective date. 7 8 Be It Enacted by the Legislature of the State of Florida: 9 10 Section 1.Subsection (15) of section 215.47, Florida 11 Statutes, is amended to read: 12 215.47Investments; authorized securities; loan of 13 securities.Subject to the limitations and conditions of the 14 State Constitution or of the trust agreement relating to a trust 15 fund, moneys available for investments under ss. 215.44-215.53 16 may be invested as follows: 17 (15)With no more, in the aggregate, than 3020percent of 18 any fund in alternative investments through participation in an 19 alternative investment vehicle as those terms are defined in s. 20 215.4401(3)(a), or in securities or investments that are not 21 publicly traded and not otherwise authorized by this section. 22 Section 2.This act shall take effect July 1, 2022.