Relating to mass transit district investments; declaring an emergency.
Catchline/Summary:
Provides that funds held in trust by mass transit district for purpose of paying post-employment benefits other than pensions are not surplus funds and may be invested in accordance with standard of judgment and care for investment of investment funds set forth in ORS 293.726. Provides that funds held in trust by mass transit district for purpose of paying post-employment benefits other than pensions are not surplus funds and may be invested in accordance with standard of judgment and care for investment of investment funds set forth in ORS 293.726.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 3198 House Committee On Business and Labor
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