Key Votes
SB 75 - Investment in Private Equity Firms - Key Vote
Nevada Key Votes
Stages
- June 16, 2011 Executive Signed
- June 6, 2011 Senate Concurrence Vote Passed
- June 6, 2011 House Bill Passed
- May 18, 2011 Senate Bill Passed
- May 18, 2011 Senate Bill Passed
- Feb. 7, 2011 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - June 16, 2011
Title: Investment in Private Equity Firms
Signed by Governor Brian Sandoval
Legislation - Concurrence Vote Passed (Senate) - June 6, 2011
Legislation - Bill Passed (House) (28-14) - June 6, 2011
Legislation - Bill Passed (Senate) (12-9) - May 18, 2011
Note:
NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.
Legislation - Bill Passed (Senate) (13-8) - May 18, 2011 (Key vote)
Title: Investment in Private Equity Firms
Vote Smart's Synopsis:
Vote to pass a bill that authorizes the State Treasurer to invest no more than $50 million in companies providing private equity funding to businesses that meet certain criteria.
Highlights:
-Authorizes the State Treasurer to invest no more than $50 million from the State Permanent School Fund in limited partnerships or limited-liability companies that provide private equity funding to businesses that meet the following criteria (Sec. 6):
- -The business is located in the state of Nevada or is seeking to relocate to Nevada; and
-The business is primarily engaged in one or more of the following industries:
- -Health care;
-Cyber security;
-Homeland security and defense;
-Alternative energy;
-Advanced materials and manufacturing;
-Information technology; or
-Any other industry that the Commission on Economic Development deems
critical to the economic development of Nevada.
Legislation - Introduced (Senate) - Feb. 7, 2011
Title: Investment in Private Equity Firms
