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| 3 | 3 | | HB 1013 2024 |
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| 7 | 7 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 8 | 8 | | hb1013-00 |
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| 9 | 9 | | Page 1 of 2 |
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| 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 |
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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to the State Board of Administration; 2 |
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| 16 | 16 | | amending s. 215.47, F.S.; authorizing the State Board 3 |
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| 17 | 17 | | of Administration and its affiliated limited liability 4 |
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| 18 | 18 | | entities to issue securities and borrow money through 5 |
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| 19 | 19 | | specified means, subject to specified limitations; 6 |
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| 20 | 20 | | providing an effective date. 7 |
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| 21 | 21 | | 8 |
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| 22 | 22 | | Be It Enacted by the Legislature of the State of Florida: 9 |
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| 23 | 23 | | 10 |
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| 24 | 24 | | Section 1. Subsection (22) is added to section 215.47, 11 |
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| 25 | 25 | | Florida Statutes, to read: 12 |
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| 26 | 26 | | 215.47 Investments; authorized securities; loan of 13 |
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| 27 | 27 | | securities.—Subject to the limitations and conditions of the 14 |
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| 28 | 28 | | State Constitution or of the trust agreement relating to a trust 15 |
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| 29 | 29 | | fund, moneys available for investments under ss. 215.44 -215.53 16 |
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| 30 | 30 | | may be invested as follows: 17 |
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| 31 | 31 | | (22) With no more than 5 percent of any fund, the State 18 |
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| 32 | 32 | | Board of Administration or its affiliated limited liability 19 |
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| 33 | 33 | | entities may issue securities and borro w money through loans or 20 |
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| 34 | 34 | | other financial obligations, including bonds, equity securities, 21 |
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| 35 | 35 | | and other security instruments, any of which may be unsecured; 22 |
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| 36 | 36 | | secured by alternative investments, as defined in s. 23 |
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| 37 | 37 | | 215.4401(3)(a), or related cash flows; guaranteed by the related 24 |
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| 38 | 38 | | fund; or governed by financial covenants. 25 |
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| 40 | 40 | | HB 1013 2024 |
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| 43 | 43 | | |
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| 44 | 44 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 45 | 45 | | hb1013-00 |
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| 46 | 46 | | Page 2 of 2 |
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| 47 | 47 | | 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 |
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| 51 | 51 | | Section 2. This act shall take effect upon becoming a law. 26 |
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