IN SB0109 | 2012 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Enrolled on February 28 2012 - 75% progression, died in chamber
Action: 2012-03-14 - Signed by the Governor
Text: Latest bill text (Enrolled) [HTML]
Status: Enrolled on February 28 2012 - 75% progression, died in chamber
Action: 2012-03-14 - Signed by the Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
Expands the existing authority of counties and other political subdivisions to invest, through a selected local depository institution, in certificates of deposit issued by federally insured banks or savings and loan associations (wherever located) to include the authority to invest in interest bearing deposit accounts of federally insured banks or savings and loan associations (wherever located) through the same procedure and under the same conditions. Specifies that for purposes of this statute, the term "deposit account" includes only: (1) accounts subject to withdrawal by negotiable orders of withdrawal; (2) passbook savings accounts; (3) certificates of deposit; and (4) money market deposit accounts.
Title
Deposit of public funds by local units.
Sponsors
Roll Calls
2012-02-28 - House - House - Third reading: passed (Y: 95 N: 0 NV: 2 Abs: 3) [PASS]
2012-01-24 - Senate - Senate - Third reading: passed (Y: 50 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-24 - Senate - Senate - Third reading: passed (Y: 50 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-14 | Signed by the Governor | |
| 2012-03-09 | Signed by the President of the Senate | |
| 2012-03-08 | Signed by the Speaker | |
| 2012-03-08 | Signed by the President Pro Tempore | |
| 2012-02-28 | Returned to the Senate without amendments | |
| 2012-02-28 | Third reading: passed; Roll Call 258: yeas 95, nays 0 | |
| 2012-02-27 | Second reading: ordered engrossed | |
| 2012-02-23 | Committee report: do pass, adopted | |
| 2012-02-09 | Reassigned to Committee on Financial Institutions | |
| 2012-01-31 | First reading: referred to Committee on Ways and Means | |
| 2012-01-24 | Pursuant to Senate Rule 35 (c) Technical Corrections. | |
| 2012-01-24 | Cosponsor: Rep. Burton | |
| 2012-01-24 | House sponsor: Rep. Heaton | |
| 2012-01-24 | Referred to the House | |
| 2012-01-24 | Third reading: passed; Roll Call 60: yeas 50 and nays 0 | |
| 2012-01-23 | Second reading: ordered engrossed | |
| 2012-01-19 | Committee report: amend do pass, adopted | |
| 2012-01-17 | Senator Walker added as second author | |
| 2012-01-10 | Senator Skinner added as coauthor | |
| 2012-01-04 | First reading: referred to Committee on Tax and Fiscal Policy | |
| 2012-01-04 | Authored by Senator Holdman |
