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ID H0482

Bill

Official Source

Status

Passed

3/12/2012

Primary Sponsor

Local Government Committee

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends Section 57-113, Idaho Code, regarding financial institutions designated as public depositories holding public funds
  • Requires financial institutions to file an affidavit with the treasurer and supervising board showing capital stock, surplus, and reserves before beginning to hold deposits
  • Allows existing affidavits on file as of the effective date to remain valid until January 31 of the following year
  • Specifies that affidavits remain effective until January 31 following their filing date, after which institutions must file renewal affidavits by the date specified by the state treasurer
  • Prohibits financial institutions from receiving public fund deposits unless a current, valid affidavit is on file with the treasurer and supervising board

Legislative Description

Amends existing law to clarify when the report on capital and surplus is to be filed.

CAPITAL AND SURPLUS REPORT

Last Action

Governor signed Session Law Chapter 51 Effective: 07/01/12

3/12/2012

Committee Referrals

Local Government2/8/2012

Full Bill Text

No bill text available