Establishing a committee to study the oversight and operation of the public deposit investment pool.
Impact
The legislation outlines the membership of the committee, which includes representatives from both the Senate and the House, specifically appointed to ensure a varied perspective from different committees. This structure aims to foster collaboration among legislators to scrutinize the current operations of the public deposit investment pool. The committee will examine how funds are distributed and the effectiveness of these investments, particularly in relation to entities that have a physical presence in New Hampshire, thereby potentially impacting local economies directly.
Summary
Senate Bill 272 establishes a committee to study the oversight and operation of the public deposit investment pool managed by the New Hampshire banking department. The bill aims to ensure that the state's investment practices in public deposits are effectively meeting the needs for safety, liquidity, and return on investment. This initiative comes at a time when there is a growing emphasis on accountability in state financial practices, particularly regarding how public funds are managed and invested.
Contention
Key points of contention surrounding SB272 revolve around the implications of the committee's recommendations. Stakeholders may have differing views on the degree of oversight necessary for the banking department's operations. There could be concerns about whether the study might lead to increased regulation or transparency in public investment practices, which may be seen as positive by some and burdensome by others. Additionally, discussions may focus on ensuring that the committee reflects a wide range of interests to avoid biases in how public funds are managed.
Relative to establishing a committee to study the impact of pharmacy benefit manager operations on cost, administration, and distribution of prescription drugs.
Campaign finance: contributions and expenditures; provision related to officeholders raising funds when facing a recall; modify, and require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
Campaign finance: contributions and expenditures; funds donated to a candidate for recall efforts; require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
A concurrent resolution recognizing wild rice as sacred and central to the culture and health of Indigenous Peoples in Minnesota and critical to the health and identity of all Minnesota citizens and ecosystems and establishing a commitment to passing legislation to protect wild rice and the freshwater resources upon which it depends.