Bill No.: HB0037 Drafter: JWL

LSO No.: 06LSO-0204 Effective Date: 7/1/2006

Enrolled Act No.: HEA0009

Chapter No.: 13

Prime Sponsor: Joint Labor, Health and Social Services Interim Committee

Catch Title: Worker's compensation fund investment.

Subject: Investment of worker's compensation reserves in equities.

Summary/Major Elements:  This act:

· Authorizes the Department of Employment, after consultation with a qualified investment manager, to authorize the state treasurer to invest up to 45% of the workers' compensation fund reserves in common stocks.