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DATE TYPED: |
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HB |
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SHORT TITLE: |
Deposits By County and Municipal Treasurers |
SB |
664 |
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ANALYST: |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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NFI |
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NFI |
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(Parenthesis
( ) Indicate Expenditure Decreases)
LFC Files
Responses
Received From
Taxation
and Revenue Department
Regulation
and Licensing Department
SUMMARY
Synopsis
of Bill
Senate Bill 664 amends
the law that allows counties and municipalities to make deposits outside their
respective localities. The legislation
maintains that the treasurers of irrigation and conservancy districts within
the state may not deposit outside of their subdivisions.
FISCAL IMPLICATIONS
The legislation
broadens the type of institution in which county and municipal treasurers
deposit public funds. This bill may help
municipalities and counties by allowing treasurers to search for competitive
bank rates outside their respective political subdivisions.
POSSIBLE QUESTIONS
MM/yr