| SB 1320 | Modifies bid process for depositaries of state institutions |
| Sponsor: | Kinder | |||
| LR Number: | 4747S.01T | Fiscal Note: | 4747-01 | |
| Committee: | Financial and Governmental Organization, Veterans' Affairs & Elections | |||
| Last Action: | 07/02/04 - Signed by Governor | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2004 | |||
SB 1320 - This act authorizes the management of any state
institution with control of any funds to solicit bids from banks
in any year in which the bid is requested. Currently, such bids
shall only be solicit bids in odd-numbered years. The act
provides that bids may be for a period of one to four years.
Banks are authorized to submit bids for a term of up to four
years.
JIM ERTLE