Bill Text: GA HB673 | 2009-2010 | Regular Session | Introduced

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Bill Title: Financial institution; check cashing fee; not eligible to serve as state depository; provide

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-03-05 - House Second Readers [HB673 Detail]

Download: Georgia-2009-HB673-Introduced.html

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09 LC 21 0384

House Bill 673

By: Representative Lucas of the 139th

A BILL TO BE ENTITLED
AN ACT

To amend Code Section 50-17-53 of the Official Code of Georgia Annotated, relating to the authority to determine the amount to be deposited and deposit security required, so as to provide that no financial institution which charges a fee for cashing a check drawn on such institution shall be eligible to serve as a state depository; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.

Code Section 50-17-53 of the Official Code of Georgia Annotated, relating to the authority to determine the amount to be deposited and deposit security required, is amended by designating the existing portion of such Code section as subsection (a) and by adding a new subsection to read as follows:

"(b) No financial institution which charges a fee for cashing a check drawn on such institution shall be eligible to serve as a state depository."

SECTION 2.

All laws and parts of laws in conflict with this Act are repealed.