PUBLIC FUNDS-SECURITIES
Sponsored By: Justin Slaughter (Democratic)
In Committee
Summary
Amends the Public Funds Investment Act. Provides that a public agency may invest any public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) assigned by Standard & Poor's corporation, Moody's investors service, or other similar nationally recognized statistical rating organization. Effective immediately.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Justin Slaughter
Democratic • House
Cosponsors
Laura Faver Dias
Democratic • House
Michael J. Coffey, Jr.
Republican • House
Michelle Mussman
Democratic • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Added Co-Sponsor Rep. Michelle Mussman
3/6/2026HouseAdded Co-Sponsor Rep. Laura Faver Dias
2/27/2026HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
2/27/2026HouseReferred to Rules Committee
2/10/2026HouseFirst Reading
2/10/2026HouseFiled with the Clerk by Rep. Justin Slaughter
2/5/2026House
Bill Text
Introduced
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