HB109 - Removes a provision restricting the investment in certain linked deposits

HB 109

Removes a provision restricting the investment in certain linked deposits

Sponsor:	Wasson
LR Number:	0409L.01T	Fiscal Note:	0409-01T.ORG
Committee:	Financial and Governmental Organizations and Elections
Last Action:	6/22/2011 - Signed by Governor	Journal Page:
Title:		Calendar Position:
Effective Date:	Emergency clause
House Handler:	Wells

List of 2011 Senate Bills

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