SB 550 Requires all state retirement systems to monitor their investments for fraud
Sponsor: Crowell
LR Number: 2255S.01I Fiscal Note:
Committee: Veterans' Affairs, Pensions and Urban Affairs
Last Action: 3/3/2009 - Second Read and Referred S Veterans' Affairs, Pensions and Urban Affairs Committee Journal Page: S448
Title: Calendar Position:
Effective Date: August 28, 2009

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Current Bill Summary

SB 550 - This act requires that all state retirement systems monitor their investments on a regular basis to determine the existence of fraud or misdealing. These retirement systems shall also determine whether an action to recover any losses from fraud or misdealing is appropriate.