Rep. William Davis

Filed: 3/20/2019

 

 


 

 


 
10100HB2460ham001LRB101 10083 RJF 57887 a

1
AMENDMENT TO HOUSE BILL 2460

2    AMENDMENT NO. ______. Amend House Bill 2460 as follows:
 
3on page 3, by replacing lines 11 and 12 with "to be considered
4by the public agency or governmental unit as one component of
5its overall evaluation of investment decisions. Such factors
6shall include, but not be limited"; and
 
7on page 5, immediately below line 11, by inserting the
8following:
9    "(d) Nothing in this Act prohibits a public agency or
10governmental unit from integrating additional factors into its
11investment decision-making, investment analysis, portfolio
12construction, due diligence, and investment ownership of
13public funds. This Act shall not apply to bank time deposits or
14bank processing services."; and
 
15on page 6, line 2, by replacing "applied" with "considered";

 

 

10100HB2460ham001- 2 -LRB101 10083 RJF 57887 a

1and
 
2on page 8, line 19, by replacing "applied" with "considered";
3and
 
4on page 9, line 21, by replacing "applied" with "considered";
5and
 
6on page 10, by replacing lines 13 through 15 with the
7following:
8    "The investment policy shall include material, relevant,
9and decision-useful sustainability factors to be considered by
10the board, within the bounds of financial and fiduciary
11prudence, in evaluating investment decisions. Such factors
12shall include, but are not".