Pipeline · Bill → Law
Step 1
Introduced
Jan 9, 2023
Step 2
Referred
Jan 9, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill creates a safe harbor for certain perpetual trust funds. It excludes from the definition of investment property under arbitrage provisions any fund created and controlled by a state and established pursuant to its constitution or state law if on a specified date, substantially all of the assets of the fund consist of nonfinancial assets and the assets are used only to support specifically designated essential governmental functions.
Timeline · 2 actions
Jan 9, 2023
Introduced in House
Jan 9, 2023
Referred to the House Committee on Ways and Means.