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MO HB185

Bill

Status

Engrossed

2/23/2015

Primary Sponsor

Warren Love

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Adds "ambulance district" to the list of public entities whose deposited funds must be secured by securities as prescribed by section 30.270 for state treasurer deposits

  • Applies to funds deposited in banking institutions acting as legal depositories under Missouri statutes

  • Securities may be delivered to the fiscal officer, governing body, or held by a trustee (including a bank under the same holding company as the depositary)

  • If a depositary contract breach occurs, the trustee must surrender sufficient securities to fully protect the depositor from loss upon written notice and demand

Legislative Description

Specifies that ambulance district public funds deposited in certain banking institutions are secured

Last Action

Placed on Informal Calendar

5/6/2015

Committee Referrals

Select Committee on Rules2/3/2015
Local Government1/20/2015

Full Bill Text

No bill text available