Fabio
5.0 KiB
5.0 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | |||||
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| Bill | Investment of public funds; ratings agencies. | Investment of public funds; ratings agencies. Allows ratings by Fitch Ratings to be used for determining whether certain investments are permissible for public funds. Under current law, only ratings by Standard & Poor's or Moody's Investors Service may be used. The bill contains technical amendments, including the removal of obsolete references to ratings by Duff & Phelps. | us/states/va | Virginia General Assembly | 2020 | HB 1587 | Virginia HB 1587 (2020) |
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enacted |
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4 | 28 | 6 | 2020-01-14 | 2020-03-12 | openstates | ocd-bill/e8b0562a-a6ec-4a92-af14-b915f7de3ac0 | https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1587 | 7764cd7bce4727a1b7bf44965cd31bbb31c474010814ad8f1096881403bab6d7 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia HB 1587 (2020) — Investment of public funds; ratings agencies.
Investment of public funds; ratings agencies. Allows ratings by Fitch Ratings to be used for determining whether certain investments are permissible for public funds. Under current law, only ratings by Standard & Poor's or Moody's Investors Service may be used. The bill contains technical amendments, including the removal of obsolete references to ratings by Duff & Phelps.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Acts of Assembly Chapter text (CHAP0333) (committee substitute) — source
- Bill text as passed House and Senate (HB1587ER) (committee substitute) — source
- Impact statement from DPB (HB1587) (committee substitute) — source
- Impact statement from DPB (HB1587H1) (committee substitute) — source
Votes
- Reported from General Laws with substitute (21-Y 0-N) — 21–0 (pass) · lower
- VOTE: Block Vote Passage (100-Y 0-N) — 99–0 (pass) · lower
- Reported from Finance and Appropriations (15-Y 1-N) — 15–1 (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
- Subcommittee recommends reporting with substitute (7-Y 0-N) — 7–0 (pass) · lower
- Passed Senate (35-Y 0-N) — 35–0 (pass) · upper
Sponsors
- Patrick A. Hope — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2020-01-14 Presented and ordered printed 20105250D
introduction - 2020-01-14 Referred to Committee on General Laws
referral-committee - 2020-01-22 Assigned GL sub: Professions/Occupations and Adminstrative Process
referral-committee - 2020-01-27 Impact statement from DPB (HB1587)
- 2020-01-30 House subcommittee amendments and substitutes offered
- 2020-01-30 Subcommittee recommends reporting with substitute (7-Y 0-N)
- 2020-02-04 Committee substitute printed 20107152D-H1
substitution - 2020-02-04 Reported from General Laws with substitute (21-Y 0-N)
committee-passage - 2020-02-05 Read first time
reading-1 - 2020-02-06 Impact statement from DPB (HB1587H1)
- 2020-02-06 Read second time
reading-2 - 2020-02-06 Committee substitute agreed to 20107152D-H1
- 2020-02-06 Engrossed by House - committee substitute HB1587H1
- 2020-02-07 Read third time and passed House BLOCK VOTE (100-Y 0-N)
passage, reading-3 - 2020-02-07 VOTE: Block Vote Passage (100-Y 0-N)
- 2020-02-10 Constitutional reading dispensed
- 2020-02-10 Referred to Committee on Finance and Appropriations
referral-committee - 2020-02-19 Reported from Finance and Appropriations (15-Y 1-N)
committee-passage - 2020-02-20 Constitutional reading dispensed (40-Y 0-N)
- 2020-02-21 Read third time
reading-3 - 2020-02-21 Passed Senate (35-Y 0-N)
passage - 2020-02-26 Enrolled
- 2020-02-26 Impact statement from DPB (HB1587ER)
- 2020-02-27 Signed by Speaker
- 2020-02-27 Signed by President
- 2020-03-05 Enrolled Bill communicated to Governor on March 5, 2020
- 2020-03-05 Governor's Action Deadline 11:59 p.m., March 12, 2020
- 2020-03-12 Approved by Governor-Chapter 333 (effective 7/1/20)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e8b0562a-a6ec-4a92-af14-b915f7de3ac0. Confidence: reported (aggregated from official Virginia legislature records).