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House Bill 1988


House Bill 1988

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Investment policy and venture capital tax credit. Requires public pension funds to invest 20% of the amount that the fund allocates to alternative investments in Indiana alternative investments. Provides that if, in the exercise of financial and fiduciary prudence, a public pension fund determines that appropriate alternative investments are not available in Indiana to meet the 20% allocation requirement, the fund may not invest the amount that the board was not able to invest in alternative investments in Indiana in alternative investments outside Indiana. Makes the venture capital investment tax credit permanent (instead of expiring at the end of 2008) and provides that the credit applies to investments made beginning in 2003 (instead of 2004).
Current Status:
 In Committee - first House
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