SENATE BILL 414

Sponsored By:

Senator Currie (Joint Committee on the Management of Public Funds)

Entitled:

State Treasury - Public Funds - Collateral for Deposits

Synopsis:

Clarifying that obligations of specified government-sponsored enterprises may be used to secure public funds on deposit with financial institutions.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

2/11

Hearing 2/18 at 2:00 p.m.

2/23

Favorable with Amendments Report by Budget and Taxation

2/24

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

2/26

Third Reading Passed (47-0)

4/8

Return Passed

5/21

Governor vetoed - Cross-filed bill was signed

House Action

2/27

First Reading Appropriations

3/18

Hearing 4/2 at 1:00 p.m.

4/6

Favorable Report by Appropriations

4/1

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (135-0)

Sponsored by:

Senator Ulysses Currie, District 25

Management of Public Funds, Jt. Comm. on the

Bill indexed under the following Subjects:

BANKS AND TRUST COMPANIES

FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U

REVENUE AND TAXES -see also specific taxes -

SECURITY INTERESTS -see also- LIENS

TREASURERS

Bill affects the following Statute:

State Finance and Procurement

( 6-202 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 379411/1 (PDF)     Offered on: February 24, 1998   at: 10:54 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

February 26, 1998: Third Reading Passed (47-0)

House

April 2, 1998: Third Reading Passed (135-0)