Bills › 89th General Assembly
Relating to the frequency of meetings of a committee created to establish the minimum rate to be earned on state funds placed in time deposits
Where it is now
- Done: IntroducedFebruary 18, 2021
- Done: SubcommitteeFebruary 22, 2021
- Done: Senate committeeMarch 9, 2021
- Skipped: Passes the SenateContinued as SF 573
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 573 → Its progress continues under the new number. Go to SF 573 What’s a funnel?
What’s in it
AI summary A group of state officials will now meet at least once a year to decide the lowest interest rate the state can earn on its savings. This committee includes the state treasurer, the auditor, and leaders from the banking and credit union departments. They can also meet more often if they decide it is necessary.1
Read the official explanation
This bill relates to the frequency of meetings of a committee composed of the superintendent of banking, the superintendent of credit unions, the auditor of state, and the treasurer of state to establish the minimum rate to be earned on state funds placed in time deposits. The bill provides that the committee shall meet at least annually and at other times as the committee may prescribe to establish a minimum rate to be earned on state funds placed in time deposits.
Senate subcommittee
Named February 22, 2021. On March 2, 2021 it recommended passage.
- Sen. Tim Goodwin R
- Sen. Claire Celsi D
- Sen. R. Smith
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part