Bill No.: SF0115 Drafter:
MRW
LSO No.: 09LSO-0581 Effective Date: 3/2/2009
Enrolled Act No.: SEA0043
Chapter No.: 96
Prime Sponsor: Senator
Larson
Catch Title: Investment
of state funds-revision.
Subject: Permissible
industrial development bond investments.
Summary/Major Elements:
- In order to promote economic
development, the state treasurer is authorized under current law to invest
permanent mineral trust funds in industrial development bond revenue bonds
issued by cities, counties and joint powers boards.
- That authority was set to
expire June 30, 2009.
- This act extends the sunset
date to June 30, 2011.