# HB 1106 Summary South Dakota's state investment officer can now include indemnity provisions (clauses that protect against certain losses or liabilities) in investment-related documents, a power previously restricted by state law. The bill removes two outdated legal restrictions that had limited the officer's ability to use these protective clauses in investment agreements.
AI-generated summary
This bill does not directly amend codified state law.
Signed by the Governor H.J. 435
Delivered to the Governor H.J. 374
Signed by the President S.J. 327
Signed by the Speaker H.J. 352
Senate Do Pass Passed, YEAS 35, NAYS 0. S.J. 294
Senate Do Pass Passed, YEAS 35, NAYS 0. S.J. 294
Retirement Laws Certified uncontested, placed on consent
Retirement Laws Do Pass Passed, YEAS 4, NAYS 0.
Retirement Laws Scheduled for hearing
Senate Referred to Senate Retirement Laws S.J. 188
First read in Senate and referred to Senate State Affairs S.J. 168
House of Representatives Do Pass Passed, YEAS 67, NAYS 0. H.J. 213
House of Representatives Do Pass Passed, YEAS 67, NAYS 0. H.J. 215
State Affairs Certified uncontested, placed on consent
State Affairs Do Pass Passed, YEAS 13, NAYS 0.
State Affairs Scheduled for hearing
First read in House and referred to House State Affairs H.J. 75
Hugh Bartels
Prime sponsor · Rep.
R
Kris Langer
Prime sponsor · Sen.
R
Cosponsors
Retirement Laws — Do Pass
State Affairs — Do Pass