State Board of Investment billing, expenses, and reporting practices modifications

Summary

The legislation updates the board’s duties, allowing more public transparency, setting new rules for hiring advisors, and requiring detailed reporting of management fees. It also gives the executive director authority to adjust billing and expense allocation for funds the board serves. These changes aim to improve oversight and consistency in the state’s investment activities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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