SB 581, 64th R.S.
Relating to pension systems for firemen, policemen, and fire alarm operators in certain cities in the state; adding provisions authorizing the Board of Trustees of the Firemen, Policemen, and Fire Alarm Operators' Pension Fund to appoint an administrator, to contract for assistance of professional investment managers, and to make related custody account agreements with banks; relating to the duties, qualifications, and compensation of the administrator and an investment manager; amending provisions to clarify functions of city secretary and treasurer and the appropriation, use, and expenditure of public funds; amending provision on investment to require rule of ordinary prudence with board authorized to determine procedure for investing and withdrawing funds including surplus funds.
| Chamber | Action | Comments | ↓ Date ↑ |
| S | Filed | 03/07/1975 | |
| S | Read first time | 03/10/1975 | |
| S | Referred to Committee on Intergovernmental Relations | 03/10/1975 | |
| S | Considered by committee in public hearing | 05/08/1975 | |
| S | Reported from committee favorably | 05/08/1975 | |
| S | Laid before Senate | 05/15/1975 | |
| S | Read second time and passed to engrossment | 05/15/1975 | |
| S | Third reading | 05/15/1975 | |
| S | Passed | 05/15/1975 | |
| S | Sent to House | 05/15/1975 | |
| H | Received from the Senate | 05/15/1975 | |
| H | Read first time | 05/15/1975 | |
| H | Referred to Committee on Intergovernmental Affairs | 05/15/1975 | |
| H | Considered by committee in formal meeting | 05/15/1975 | |
| H | Reported from committee favorably without amendments | 05/15/1975 | |
| H | Read second time | 05/17/1975 | |
| H | Passed to third reading | 05/17/1975 | |
| H | Votes recorded | 05/17/1975 | |
| H | Read third time | 05/17/1975 | |
| H | Passed | 05/17/1975 | |
| H | Votes recorded | 05/17/1975 | |
| S | House passage reported | 05/19/1975 | |
| S | Signed | 05/20/1975 | |
| H | Signed | 05/20/1975 | |
| S | Sent to Governor | 05/20/1975 | |
| S | Signed by Governor | 05/27/1975 | |
| S | Effective immediately | 05/27/1975 |
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