HCS SCS SB 1093 -- INVESTMENT OF PUBLIC FUNDS

SPONSOR:  Gibbons (Hanaway)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Local Government by a vote of 18 to 0.

This substitute allows, under certain conditions, political
subdivisions and other public entities to invest funds that are
not immediately needed.

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

PROPONENTS:  Supporters say that the bill will benefit political
subdivisions.

Testifying for the bill were Senator Gibbons; Missouri Bankers
Association; and Missouri Credit Unions Association.

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 11:16 am