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S04305 Summary:
BILL NO | S04305 |
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SAME AS | SAME AS A07096 |
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SPONSOR | GRIFFO |
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COSPNSR | |
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MLTSPNSR | |
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Add S12-b, Bank L | |
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Authorizes state chartered banking institutions to pledge investment grade corporate bonds to secure state and municipal deposits; also authorizes the pledging of municipal bonds having a maturity of more than 5 years. |