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Senate Bill 0410


Senate Bill 0410

ARCHIVE (2003)

Latest Information

 

DIGEST OF SB410 (Updated April 14, 2003 4:35 PM - DI 84)


Public pension funds. Requires the public employees' retirement fund (PERF) and the teachers' retirement fund (TRF) to apply for a grant from a private foundation or other entity to develop a fellowship program to assist PERF and TRF in increasing venture capital investment opportunities in Indiana technology and advanced manufacturing companies. Establishes for a ten year period goals for investment in Indiana for a public pension fund if its board decides to allocate part of the assets to venture capital investments. Allows the board five years to achieve the goals. Does not require the board to achieve the goal percentages if, in the exercise of financial and fiduciary prudence, the board determines that appropriate venture capital investments are not available in Indiana. Provides that a TRF member may assign benefits for paying dues to certain associations for a retired membership.
    Current Status:
     In Conference Committee
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