Bill: HB 2928, 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 including the obligations of Federal Home Loan Banks as authorized investments for a governmental entity and the requirements for certificates of deposit or share certificates held as authorized investments for a governmental entity.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
HB 2928 would consider obligations from the Federal Home Loan Banks as an authorized form of investment for a governmental entity. A certificate of deposit or share certificate would also be considered an authorized form of investment if it is secured in accordance with Chapter 2257: Collateral for Public Funds.
Vote Recommendation Notes
HB 2928 does not appear to have a connection to our liberty principles, therefore we remain neutral.
