Bill
HB 870
84(R) - 2015
House Investments & Financial Services
House Investments & Financial Services
Investment & Financial Services
Vote Recommendation
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Neutral
Author(s)
Wayne Smith
Co-Author(s)
Rodney Anderson
Bill Caption
Relating to the investment training requirement for certain school district financial officers.
Fiscal Notes
A fiscal note dated May 22, 2015 anticipates no fiscal implication to the State.
School districts and municipalities may experience some additional administrative costs to pay for additional training requirements related to investment responsibilities. These costs are not anticipated to be significant.
Bill Analysis
Under the provisions of HB 870 the treasurer, chief financial officer, and investment officer of a school district or a municipality would have to attend a follow-up program every two years of only a minimum of 5 hours (as opposed to 10 currently for any local government) of instruction.
Vote Recommendation Notes
According to the statement of intent, the bill seeks to adjust the number of hours necessary for the subsequent training instruction for certain local governments (school districts and municipalities). The number of hours for the subsequent investment training would be reduced from 10 to 5 hours.
This is mainly an administrative decision that does not intersect with our liberty principles, therefore we remain neutral.
The second chamber sponsor is Senator Kel Seliger.
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