PRINTER'S NO. 4295
No. 2807 Session of 2006
INTRODUCED BY HICKERNELL, BALDWIN, BELFANTI, CALTAGIRONE,
CAPPELLI, CLYMER, CRAHALLA, CREIGHTON, DALLY, DeWEESE,
FLAHERTY, GEIST, HERSHEY, R. MILLER, MUSTIO, PETRONE, ROSS,
SAYLOR, B. SMITH, SONNEY, STERN, TRUE, WANSACZ AND BOYD,
JUNE 20, 2006
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, JUNE 20, 2006
AN ACT
1 Amending the act of August 9, 1955 (P.L.323, No.130), entitled,
2 as amended, "An act relating to counties of the first, third,
3 fourth, fifth, sixth, seventh and eighth classes; amending,
4 revising, consolidating and changing the laws relating
5 thereto; relating to imposition of excise taxes by counties,
6 including authorizing imposition of an excise tax on the
7 rental of motor vehicles by counties of the first class; and
8 providing for regional renaissance initiatives," further
9 providing for investment of funds.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Section 1706(c)(8) of the act of August 9, 1955
13 (P.L.323, No.130), known as The County Code, amended December
14 13, 1982 (P.L.1131, No.258), is amended to read:
15 Section 1706. Investment of Funds.--* * *
16 (c) Authorized types of investments for such moneys shall
17 be:
18 * * *
19 (8) Any investment authorized by 20 Pa.C.S. Ch. 73 (relating
20 to [fiduciaries] municipalites investments) shall be an
1 authorized investment for any pension or retirement fund or
2 postretirement benefit, including, but not limited to, health
3 insurance.
4 * * *
5 Section 2. This act shall take effect in 60 days.
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