SB 660 Modifies provisions of law relating to bidding procedures for county depositaries
Sponsor: Wasson
LR Number: 4854S.01T Fiscal Notes
Committee: Financial and Governmental Organizations and Elections
Last Action: 6/6/2016 - Signed by Governor Journal Page: S2298
Title: Calendar Position:
Effective Date: August 28, 2016
House Handler: Dugger

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Current Bill Summary

SB 660 - Under current law, banking corporations or associations bidding to become the depositaries of the funds of a county are required to submit a certified check not less than the proportion of one and one-half percent of the county general revenue of the preceding year. This act changes that to an amount not less than $2,500.

This act is substantially similar to HB 1473 (2016).