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
Sponsored by the Senate State Government Committee
Where it is now
- Done: IntroducedFebruary 18, 2021
- Done: SubcommitteeFebruary 22, 2021
- Done: Senate committeeMarch 9, 2021
- Stopped: Passes the SenateDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary A group of state officials will now meet every three months to decide the lowest interest rate the state can earn on its savings. These officials include the state treasurer, the auditor, and the leaders of banking and credit unions. 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 quarterly 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 January 18, 2022. On January 20, 2022 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