1997 Regular Session

HOUSE BILL 582

File Code: Local Government - Generally Crossfiled with: SENATE BILL 1
Sponsored By:
Delegate Heller (Co-Chairman, Joint Committee on the Management of Public Funds)
Entitled:
Local Government Investment Authority

Synopsis:

Modifying provisions governing the deposit and investment of money by political subdivisions of the State; clarifying the authority of an authorized acknowledged agent to act on a governmental unit's behalf; clarifying provisions relating to collateral; repealing various provisions relating to the investment authority of particular political subdivisions; removing the Washington Suburban Transit Commission from provisions concerning local government investment guidelines; establishing the Montgomery County Investment Pool; etc.

Legislative History

House Action
1/29
First Reading Appropriations
2/5
Hearing 2/26 at 11:00 a.m.
3/20
Favorable with Amendments Report by Appropriations
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (138-0)
4/1
Returned Passed
5/22
Governor vetoed - Cross-filed bill was signed
Senate Action
3/24
First Reading Budget and Taxation
4/4
Favorable Report by Budget and Taxation
Favorable Report Adopted
Second Reading Passed
4/5
Third Reading Passed (47-0)
Sponsored by:
Delegate Henry B. Heller, District 19
Management of Public Funds, Jt. Comm. on t he
Bill indexed under the following Subjects:
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
EDUCATION, BOARDS OF
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
INVESTMENTS
MASS TRANSIT -see also- BUSES; RAILROADS
MONTGOMERY COUNTY
MUNICIPAL CORPORATIONS
REPORTS -see also- RECORDS
Bill affects the following Statutes:
Article - 95 Treasurer
( 22 , 22A , 22F , 22H , 22-I )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments:
House
Number: 034936/1 (PDF) Offered on: MARCH 20, 1997 at: 10:29 Status: Adopted