Bill
HB 2647
85(R) - 2017
House Investments & Financial Services
Senate Business & Commerce
House Investments & Financial Services
Senate Business & Commerce
Finance
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)
Phil Stephenson
Sponsor(s)
Larry Taylor
Bill Caption
Relating to authorized investments of public funds.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
HB 2647 would add interest-bearing banking deposits, or other obligations that are guaranteed or insured by either the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund, as an authorized investment of public funds. This bill would also include certain interest-bearing banking deposits which meet certain requirements as authorized investments.
Vote Recommendation Notes
HB 2647 does not appear to have a connection to our liberty principles, therefore we remain neutral.
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