Monday, May 20, 2013

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CS/HB 703 - State Board of Administration Investments

General Bill   by Government Efficiency & Accountability Council and Porth and Schwartz and Hasner (CO-SPONSORS) Allen; Altman; Baxley; Bendross-Mindingall; Bogdanoff; Brandenburg; Bucher; Cretul; Davis, M.; Ford; Gelber; Harrell; Hays; Heller; Holder; Hukill; Jenne; Kravitz; Kreegel; Kriseman; Long; Lopez-Cantera; Nehr; Precourt; Richardson; Rivera; Sachs; Sands; Schenck; Scionti; Skidmore; Vana; Zapata
State Board of Administration Investments: Requires SBA to identify companies in which public moneys are invested that do business in or with Sudan and Iran, create and maintain scrutinized companies lists of such companies, periodically contact scrutinized companies and encourage them to refrain from engaging in business in or with Sudan or Iran, inform scrutinized companies of status as scrutinized company and ask for clarification as to nature of each company's business activities, and divest of all publicly traded securities of scrutinized companies, with exceptions, request managers of investment funds to consider removing scrutinized companies from fund or create similar fund excluding such companies, file report after creation of scrutinized companies lists, and provide written report to the Governor, the Legislature, & Attorney General before reinvestments; prohibits SBA from acquiring securities of scrutinized companies that have active business operations; provides for expiration of act; exempts SBA from specified statutory or common law obligations; authorizes SBA to cease divesting or to reinvest in scrutinized companies if value for all assets under management by SBA becomes equal to or less than specified amount.
Companion Bill passed CS/SB 2142 Protecting Florida's Investments Act [LPCC] By Governmental Operations and Deutch
Effective Date: upon becoming a law.
Last Event: Companion Bill passed, Link/Iden/Sim/Compare passed, refer to CS/SB 2142 (Ch. 2007-88) on Wednesday, May 02, 2007 8:01 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

    -  Government Efficiency & Accountability Council
           On agenda for: 04/18/07 9:30 AM              Notice
        Favorable With Council Substitute (final action)              See Votes
 
        -  Committee on State Affairs
           On agenda for: 03/28/07 3:30 PM              Notice
        Favorable With Amendments () (final action)              See Votes
 
    -  Policy & Budget Council
           On agenda for: 04/25/07 9:00 AM              Notice
        Favorable (final action)              See Votes
 

Related Bills
Bill # Subject Relationship
HB 1431 Economic Sanctions related to Sudan Similar
CS/SB 2142 Protecting Florida's Investments Act [LPCC] Similar
CS/CS/SB 2250 Iran/Divestment of Public Funds [LPCC] Compare

Bill Text

Staff Analysis

Vote History
(no votes recorded)

Bill History
Event Time Member Committee
Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 2142 (Ch. 2007-88) Wednesday, May 02, 2007 8:01 PM
Substituted CS/SB 2142 Wednesday, May 02, 2007 8:01 PM
Bill added to Special Order Calendar (5/2/2007) Tuesday, May 01, 2007 7:56 PM
Added to Second Reading Calendar Friday, April 27, 2007 6:27 PM
Temporarily postponed, on 2nd Reading Friday, April 27, 2007 5:31 PM
Bill added to Special Order Calendar (4/27/2007) Thursday, April 26, 2007 6:21 PM
Added to Second Reading Calendar Thursday, April 26, 2007 6:04 PM
Bill added to Special Order Calendar (4/27/2007) Wednesday, April 25, 2007 10:13 PM
Added to Second Reading Calendar Wednesday, April 25, 2007 1:09 PM
Bill released to House Calendar Wednesday, April 25, 2007 1:09 PM
Reported out of Policy & Budget Council Wednesday, April 25, 2007 1:09 PM Policy & Budget Council
Favorable by Policy & Budget Council Wednesday, April 25, 2007 10:30 AM Policy & Budget Council
Added to Policy & Budget Council agenda Tuesday, April 24, 2007 5:13 PM Policy & Budget Council
1st Reading Monday, April 23, 2007 11:59 PM
Now in Policy & Budget Council Sunday, April 22, 2007 3:04 PM Policy & Budget Council
Referred to Policy & Budget Council Sunday, April 22, 2007 3:04 PM Policy & Budget Council
CS Filed Sunday, April 22, 2007 2:44 PM
Laid on Table under Rule 7.19 Sunday, April 22, 2007 2:44 PM
Reported out of Government Efficiency & Accountability Council Sunday, April 22, 2007 2:19 PM Government Efficiency & Accountability Council
Added to Government Efficiency & Accountability Council agenda Friday, April 20, 2007 5:30 PM Government Efficiency & Accountability Council
Favorable with CS by Government Efficiency & Accountability Council (Amended) Wednesday, April 18, 2007 11:30 AM Government Efficiency & Accountability Council
Now in Government Efficiency & Accountability Council Thursday, March 29, 2007 2:56 PM Government Efficiency & Accountability Council
Reported out of Committee on State Affairs Thursday, March 29, 2007 2:56 PM Committee on State Affairs
Favorable with amendments by Committee on State Affairs Wednesday, March 28, 2007 6:00 PM Committee on State Affairs
Added to Committee on State Affairs agenda Monday, March 26, 2007 4:17 PM Committee on State Affairs
1st Reading Tuesday, March 06, 2007 11:59 PM
Now in Committee on State Affairs Thursday, February 22, 2007 2:35 PM Committee on State Affairs
Referred to Committee on State Affairs by Government Efficiency & Accountability Council Thursday, February 22, 2007 2:35 PM Committee on State Affairs
Now in Government Efficiency & Accountability Council Wednesday, February 14, 2007 10:44 AM Government Efficiency & Accountability Council
Referred to Policy & Budget Council Wednesday, February 14, 2007 10:44 AM Policy & Budget Council
Referred to Government Efficiency & Accountability Council Wednesday, February 14, 2007 10:44 AM Government Efficiency & Accountability Council
Filed Monday, February 05, 2007 12:51 PM Porth

Statutes Referenced by this Bill
215.442
215.473
 

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