SB 0441 Allows Warrensburg to receive bids to be the depository of city funds from banks at every regular meeting
LR Number:1829L.03T Fiscal Note:1829-03
Committee:Local Government and Economic Development
Last Action:07/06/01 - Signed by Governor Journal page:
Title:HCS SB 441
Effective Date:August 28, 2001
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Current Bill Summary

HCS/SB 441 - This act allows Warrensburg to receive bids from banks doing business within the city at any regular meeting of the city.

This act requires the city to send notice of bids to each bank doing business within the city at the same time notice is published in the newspaper about the city's regular July meetings. The bank selected as the depositary will be offered a two-year contract with the city.

Current law allows cities to receive bids from banking institutions only once a year, at its regular meetings in July.