HB 1398 -- DEPOSITARIES FOR CITY FUNDS

SPONSOR:  Lager

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Local Government by a vote of 16 to 0.

This bill allows the City of Maryville to accept bids for acting
as city depositary at any regular city meeting.  Current law
requires the bids to be received in July.  The bill also provides
that the contract term for the city depositary begin on August 1.

FISCAL NOTE:  No impact on state funds in FY 2005, FY 2006, and
FY 2007.

PROPONENTS:  Supporters say that the bill will save the city
money by not having to reprint banking forms so often.

Testifying for the bill was Representative Lager.

OPPONENTS:  There was no opposition voiced to the committee.

Julie Jinkens McNitt, Legislative Analyst

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am