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HB 0071 - ACCG and GMA Retirement; Increase Authorized Investment in Real Estate
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Tracking Level: Support
Sponsor: Riley, Lynne 50th
Last Action: 7/1/2013 - House - Effective Date
State Code Titles: 47
House Committee: Ret
Senate Committee: RET
Assigned To:
Clint MuellerNext Bill
RetirementNext Bill

Staff Analysis of the Legislation
Currently, retirement programs such as those offered by ACCG and GMA may only invest 5 percent of their holdings in real estate investments. This legislation increases the amount of permissible investment to 10 percent.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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