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House Bill 1196


House Bill 1196

ARCHIVE (2007)

Latest Information

 

DIGEST OF HB1196 (Updated February 27, 2007 4:00 pm - DI 84)


Investment managers for pension funds. Requires the boards of trustees of the public employees' retirement fund and the Indiana state teachers' retirement fund to employ investment managers that are minority business enterprises and investment managers that are women-owned business enterprises. Specifies that 15% of the assets of each fund must be placed under the investment control of investment managers that are minority business enterprises and 5% of the assets of each fund must be placed under the investment control of investment managers that are women- owned business enterprises.
Current Status:
 In Committee - 2nd House
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