- Summary
- Actions
- Floor Votes
- Memo
- Text
S05135 Summary:
| BILL NO | S05135 |
| SAME AS | SAME AS A08971 |
| SPONSOR | MARTINS |
| COSPNSR | |
| MLTSPNSR | |
| Amd SS10 & 11, Gen Muni L; amd S106, St Fin L; add S2927, Pub Auth L | |
| Authorizes the state, local governments and public authorities to arrange for redeposit of moneys through a deposit placement program through a bank or trust company that serves as custodian with respect to the moneys and arranges for the redeposit of the moneys in one or more banking institutions, the monies being secured, provided that the depository receives deposits from customers of other financial institutions that are at least equal to the amount of the moneys so invested. | |