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SB 0606 - Finance and Procurement - State Treasury - Collateral
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Tracking Level: Support
Sponsor: Senator DeGrange
Last Action: 5/2/2012 - Approved by the Governor - - Chapter 270
Senate Committee: Senate Committee on Budget and Taxation
House Committee: House Committee on Appropriations
Assigned To:
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Finance and ProcurementNext Bill

Staff Analysis of the Legislation

Related Documents
4/3/2012Testimony - Click to View
3/7/2012Testimony - Click to View

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-SB 606
2012 Regular Session

SENATE BILL 606

File Code: State Government - Procurement Crossfiled with: HOUSE BILL 868
Sponsored By:
Senator DeGrange
Entitled:
Finance and Procurement - State Treasury - Collateral

Synopsis:

Clarifying the types of collateral that may be used under specified provisions of law to include a letter of credit issued by a Federal Home Loan Bank if the letter meets the requirements of the State Treasurer's office; and authorizing obligations from Federal Home Loan Banks to be used as collateral.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/3
First Reading Budget and Taxation
2/8
Hearing 3/7 at 1:00 p.m.
3/16
Favorable Report by Budget and Taxation
Favorable Report Adopted
Second Reading Passed
3/18
Third Reading Passed (46-0)
4/2
Returned Passed
House Action
3/18
First Reading Appropriations
3/28
Hearing 4/3 at 1:00 p.m.
4/6
Favorable Report by Appropriations
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (132-0)
Action after passage in Senate and House
5/2
Approved by the Governor
- Chapter 270

Bill indexed under the following Subjects:

Banks and Trust Companies
Credit
Financial Institutions -see also- Banks; Credit Unions; etc.
Public Officials -see also- Atty Gen; Compt; Coun Admin; etc
Treasurers

Bill affects the following Statute:

State Finance and Procurement
( 6-202 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
Senate
Budget and Taxation
House
Appropriations
Roll Call Votes (Legislative dates are shown):
Senate
March 18, 2012: Third Reading Passed (46-0)
House
April 2, 2012: Third Reading Passed (132-0)