Mike Aylesworth
- Republican
- Representative
- District 11
Author
Allows a town to invest the proceeds received from the sale of a capital asset made after December 15, 2021, and before January 1, 2023, in the same manner as the next generation trust fund if the proceeds from the sale exceed $24,000,000 but do not exceed $26,000,000. (Under current law, a political subdivision is authorized to invest the proceeds received from the sale of certain capital assets in the same manner as the next generation trust fund only if the proceeds exceed $50,000,000.) In addition, requires the fiscal body of the town to contract with a financial institution eligible to receive public funds of a political subdivision to assist the town in its investment program.
Signed by the Governor
Public Law 157
Signed by the President of the Senate
Signed by the Speaker
Signed by the President Pro Tempore
Senator Randolph added as cosponsor
Returned to the House without amendments
Third reading: passed; Roll Call 213: yeas 47, nays 0
Senator Charbonneau added as second sponsor
Second reading: ordered engrossed
Committee report: do pass, adopted
First reading: referred to Committee on Appropriations
Referred to the Senate
Senate sponsor: Senator Niemeyer
Representative Andrade M added as coauthor
Third reading: passed; Roll Call 22: yeas 90, nays 0
Amendment #1 (Aylesworth) prevailed; voice vote
Second reading: amended, ordered engrossed
Representatives Olthoff and Slager added as coauthors
Committee report: do pass, adopted
First reading: referred to Committee on Ways and Means
Authored by Representative Aylesworth
| Bill Text Versions | Format |
|---|---|
| Introduced House Bill (H) | |
| House Bill (H) | |
| Engrossed House Bill (H) | |
| House Bill (S) | |
| Enrolled House Bill (H) |
| Document | Format |
|---|---|
| Fiscal Note: HB1011.05.ENRS.FN001 |
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