Requiring banks to enter into a written agreement with the state treasurer to be a depository of public moneys, increasing the market value of securities necessary to secure the deposit of public moneys, providing procedures for when a depository fails to follow the requirements of the state treasurer, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.
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More on this bill
Where it stands
Introduced
Passed Senate
Passed House
Died
Looking ahead
No hearings or votes scheduled.
History
2026
Apr 10Died in House CommitteeDied
Mar 23Received and IntroducedMinor
Mar 23Referred to House Committee on Financial Institutions and PensionsMinor
Mar 19Committee of the Whole - Committee Report be adoptedMajor
Vote recorded Emergency Final Action As Amended. Result: pass.Upper
Mar 19Committee of the Whole - Be passed as amendedPassed House
Mar 19Emergency Final Action - Passed as amended; Yea 40, Nay 0Passed Senate
Mar 11Committee Report recommending bill be passed as amended by Senate Committee on Financial Institutions and InsuranceMinor
Mar 4Referred to Senate Committee on Financial Institutions and InsuranceMinor