WV SB432 | 2013 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 19-3)
Status: Introduced on March 4 2013 - 25% progression, died in committee
Action: 2013-03-11 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Comm Sub) [HTML]
Status: Introduced on March 4 2013 - 25% progression, died in committee
Action: 2013-03-11 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Comm Sub) [HTML]
Summary
The purpose of this bill is to amend various provisions of the Code affecting the Treasurer's Office. In addition to various technical clean up revisions, the bill authorizes organizations exempt from taxation within West Virginia to participate in the deferred compensation plan Retirement Plus in accordance with the Internal Revenue Code and authorizes Roth accounts within the deferred compensation plan Retirement Plus in accordance with the Internal Revenue Code. Financial institutions would be permitted to offer products in addition to certificates of deposit. The bill updates references to investing authorities to include the Board of Treasury Investments, raises the amount of eligible deposits from $100,000 to the amount insured by a federal agency, deletes archaic language pertaining to eligible depositories, amends language pertaining to what constitutes a conflict of interest for applicants and employees of the Treasurer's office in connection with financial institutions by prohibiting those persons with a defined conflict from participating in the selection of or in contract negotiations with a depository, and authorizes depositories to submit reports in an electronic format. In connection with the Cash Management Improvement Act (CMIA), the bill repeals duplicate
Title
Relating generally to State Treasurer's Office
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-03-11 | Senate | To Finance |
| 2013-03-11 | Senate | Committee substitute reported, but first to Finance |
| 2013-03-04 | Senate | To Pensions |
| 2013-03-04 | Senate | Introduced in Senate |
| 2013-03-04 | Senate | To Pensions then Finance |
| 2013-03-04 | Senate | Filed for introduction |
Same As/Similar To
HB2837 (Same As) 2013-05-15 - Chapter 179, Acts, 2013
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 12 | 1 | 11 | Amended Code | Citation Text |
| 12 | 1 | 12b | Amended Code | Citation Text |
| 12 | 1 | 12c | Repealed Code | Citation Text |
| 12 | 1 | 3 | Amended Code | Citation Text |
| 12 | 1 | 8 | Amended Code | Citation Text |
| 12 | 2 | 2 | Amended Code | Citation Text |
| 12 | 2 | 3 | Amended Code | Citation Text |
| 12 | 3 | 1 | Amended Code | Citation Text |
| 12 | 3A | 3 | Amended Code | Citation Text |
| 12 | 5 | 4 | Amended Code | Citation Text |
| 12 | 6A | 1 | Amended Code | Citation Text |
| 12 | 6A | 2 | Amended Code | Citation Text |
| 12 | 6A | 3 | Amended Code | Citation Text |
| 12 | 6A | 4 | Amended Code | Citation Text |
| 12 | 6A | 5 | Amended Code | Citation Text |
| 12 | 6A | 6 | Amended Code | Citation Text |
| 12 | 6A | 7 | Amended Code | Citation Text |
| 12 | 6B | 1 | Repealed Code | Citation Text |
| 12 | 6B | 2 | Repealed Code | Citation Text |
| 12 | 6B | 3 | Repealed Code | Citation Text |
| 12 | 6B | 4 | Repealed Code | Citation Text |
| 12 | 6C | 7 | Amended Code | Citation Text |
| 12 | 6C | 9 | Amended Code | Citation Text |
| 33 | 3 | 14d | Amended Code | Citation Text |
| 36 | 8 | 13 | Amended Code | Citation Text |
| 48 | 2 | 604 | Repealed Code | Citation Text |
| 5 | 10B | 13 | Amended Code | Citation Text |
| 5 | 10B | 14 | New Code | See Bill Text |
| 5 | 10B | 3 | Amended Code | Citation Text |
