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SB 0213 - Banking Improvement Zones - Location of Financial Institutions in Underserved Areas
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Tracking Level: Neutral
Sponsor: Joshua McKoon
Last Action: 2/21/2017 - Senate Read and Referred
Senate Committee: Banking and Financial Institutions
Assigned To:
Auditing/BudgetNext Bill
Larry RamseyNext Bill

Staff Analysis of the Legislation

Upon application by local governments to the state, this legislation would allow for the creation of banking improvement zones in areas that are underserved with finanical institutions. Within such zones, a local government would be authorized to designate a financial institution within a banking improvement zone as the depository for county funds at a rate below published certificate of deposit rates.

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

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