Bill Title: Authorizes the state, local governments and public authorities to arrange for redeposit of moneys through a deposit placement program through a bank or trust company that serves as custodian with respect to the moneys and arranges for the redeposit of the moneys in one or more banking institutions, the monies being secured, provided that the depository receives deposits from customers of other financial institutions that are at least equal to the amount of the moneys so invested.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Passed) 2012-07-18 - signed chap.128 [A08971 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember William Magnarelli [D]	Primary	Sponsored Bills	HD-129	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Ellen Jaffee [D]	Cosponsor	Sponsored Bills	HD-097	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Sandra Galef [D]	Cosponsor	Sponsored Bills	HD-095	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Margaret Markey [D]	Primary	Sponsored Bills	HD-030	FollowTheMoney	Ballotpedia	VoteSmart

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