Bill: HB 2579, 85(R) - 2017
Committee
House Investments & Financial Services
2nd Chamber Committee
Senate Business & Commerce
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Author(s)
Justin Holland
Sponsor(s)
Dawn Buckingham
Bill Caption
Relating to the bond and other coverages required to be maintained by or for the benefit of a savings bank.
Fiscal Notes
No fiscal implication to the State is anticipated.
Bill Analysis
HB 2579 would change current code regarding indemnity bonds of directors, officers, and employees to be concerning financial institution bonds. A savings bank would be required to maintain a financial institution bond that provides adequate coverage to protect the bank from certain types of loss. Procedures would be revised accordingly regarding the employment of a collections agent, and the review of the bond.
Vote Recommendation Notes
HB 2579 makes in our view mostly procedural changes and does not appear to have a connection to our liberty principles, thus we remain neutral.
