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SB 0402 - Authorizes Alternative Investment Options for Public Retirement Systems
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Tracking Level: Neutral
Sponsor: Golden,Tim 8th
Last Action: 4/16/2012 - Senate Date Signed by Governor
State Code Titles: 47 / 50
Senate Committee: RET
House Committee: Ret
Assigned To:
Open Records/Meetings ActNext Bill
RetirementNext Bill
Shaun AdamsNext Bill

Staff Analysis of the Legislation

This bill authorizes, but does not require, the state retirement system and other large retirement systems to invest trust assets in specified alternative investments subject to certain conditions and limitations. Examples of alternative investments include leveraged buyout funds, mezzanine funds, debt funds and venture capital funds. Alternative investments can not in the aggregate exceed 5 percent of a retirement system's assets at any time.This bill, signed by the Governor, is effective July 1, 2012.

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

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