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House Bill 1982

House Bill 1982

ARCHIVE (2003)

Latest Information

DIGEST OF HB1982 (Updated March 4, 2003 11:08 AM - DI 84)

Pension fund and university investment goals. Establishes for a ten year period goals for investment in Indiana for public pension funds and foundations or endowments of state educational institutions that decide to allocate part of their assets to venture capital investments. Allows the funds, foundations, or endowments five years to achieve the goals. Does not require the funds, foundations, or endowments to meet the goals if, in the exercise of financial and fiduciary prudence, the funds, foundations, or endowments determine that appropriate venture capital investments are not available in Indiana.
Current Status:
In Committee - 2nd House
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