HB 993 - Requires Risk Management in the Investment of System Assets - Maryland Key Vote

Stage Details

Title: Requires Risk Management in the Investment of System Assets

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Title: Requires Risk Management in the Investment of System Assets

Vote Smart's Synopsis:

Vote to pass a bill that requires the Board of Trustees of the SRPS to manage risk in the investment of system assets.

Highlights:

 

  • Requires the Board of Trustees shall include policies in the investment policy manual regarding the management of risk, including climate risks in the investment of system assets (Sec. 1).

  • Requires the Board of Trustees to submit a report on the risk assessment of the several systems, including climate risk, to the general assembly every year on or before January 31 starting in 2019 (Sec. 1).

Title: Requires Risk Management in the Investment of System Assets

Title: Requires Risk Management in the Investment of System Assets

Title: Requires Risk Management in the Investment of System Assets

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