02.26.2013 The Senate Finance committee carried this bill over.
02.20.2013 The Senate Finance Property Tax subcommittee gave this bill a favorable report with amendment. The amendment gives the state Treasurer's Office the authority to approve local investments in corporate bonds.
Summary of the bill as introduced: Allows local governments to invest in obligations of a corporation, state or political subdivision denominated in US dollars if the obligations bear an investment grade rating of at least two nationally recognized rating services.