HB 109 – Removes a provision restricting the investment in certain linked deposits

• Sponsor: Wasson
• LR Number: 0409L.01T
• Committee: Financial and Governmental Organizations and Elections
• Last Action: 6/22/2011 - Signed by Governor
• Effective Date: Emergency clause
• House Handler: Wells

Current Bill Summary

HB 109 - Under current law the Treasurer is prohibited from investing in linked deposits the value of which is to be lent to recipients other than eligible water supply systems or eligible student borrowers after December 31, 2015 and investing in linked deposits the value of which is to be lent to any new eligible facility borrower after January 1, 2020. This act repeals those provisions.

The act contains an emergency clause.

CHRIS HOGERTY