Requiring banks to enter into a written agreement with the state treasurer to be a depository of public moneys, increasing the market value of securities necessary to secure the deposit of public moneys, providing procedures for when a depository fails to follow the requirements of the state treasurer, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.
Engrossed on 3/23/26
Summary
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Sponsors
0
0
Democratic CaucusRepublican Caucus
Roll Call Votes
Senate Emergency Final Action - Passed as amended - Yea: 40 Nay: 0
40 Yea
RRRRRRRDRDDRRDRRRRRDRRRRRDDDRRRRRDRRRRRR0 Nay
Calendar
Mar 9
9:30 AM
Senate Financial Institutions and Insurance Hearing