SB 771 - Scott, Delbert
Modifies provisions relating to financial institutions offering bids to become the official county depositary
Bill Details
Sponsor
LR Number
4347S.01T
Title
SB 771
House Handler
Journal Page
S1958-1959
Effective Date
August 28, 2010
Current Status
Signed by Governor
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 771 - This act specifies that each bid from a bank to be the depositary for the county must be accompanied by a certified check for an amount equal to a certain percentage of the county general revenue, rather than all county revenue. Such check serves as guaranty of good faith that the required security will be provided.
This act also changes outdated references to "ex officio treasurer" to reflect the current term, "collector treasurer".
This act is similar to HB 1545 (2010).
SUSAN HENDERSON MOORE