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Minutes for HB2152 - Committee on Financial Institutions and Pensions
Short Title
Authorizing financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing municipal bond proceeds and governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, establishing certain public moneys investment rates, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply with such certification.
Minutes Content for Mon, Mar 3, 2025
Chair Hoheisel called for final action on HB 2152 and recognized David Wiese, Senior Assistant Revisor, Office of Revisor of Statutes to provide a review of the bill.
Representative Hoheisel introduced a balloon amendment (Attachment1) and David Wiese, provided an overview of the Hoheisel amendment.
Representative Hoheisel moved to amend HB 2152, seconded by Representative L. Williams. Motion carried.
Representative Hoheisel moved to favorably pass HB 2152, as amended and renamed as House Substitute for HB 2152, seconded by Representative Stiens, Motion carried
