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S 0375 - Allows a local governing body to deposit surplus public funds

Tracking Level: Passed
Sponsor: Robert Hayes
Last Action: 6/5/2015 - Act No. 28
Senate Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

05.14.2015 The House Labor, Commerce and Industry Committee gave this bill a favorable report.
05.05.2015 The House Labor, Commerce and Industry Banking and Consumer Affairs subcommittee gave this bill a favorable report.
02.24.2015 The Senate Finance Committee gave this bill a favorable report.
02.18.2015 The Senate Finance Property Taxation subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Allows a local governing body to deposit all or a portion of surplus public funds in its control or possession collateralized by FDIC.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc