Bill: HB 2647, 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)
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.
