SB 771 -- DEPOSITARIES FOR COUNTY FUNDS

SPONSOR:  Scott (Wilson, 119)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Financial
Institutions by a vote of 12 to 0.

This bill clarifies that the amount of the certified check that
accompanies a bid to be the depositary of county funds must be no
less than the proportion of 1.5% of the county general revenue
for the preceding year as the sum of the part of funds bid for
bears to the whole number of the parts.

FISCAL NOTE:  No impact on state funds in FY 2011, FY 2012, and
FY 2013.

PROPONENTS:  Supporters say that the bill clarifies that the
amount of the certified check that must accompany this bid will
be a portion of the county general revenue and not all county
funds.

Testifying for the bill were Senator Scott; and Missouri County
Treasurers Association.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:15 pm