Bill Text - SB272 (2022)

Establishing a committee to study the oversight and operation of the public deposit investment pool.


Revision: April 22, 2022, 1:13 p.m.

Rep. Hunt, Ches. 11

April 13, 2022

2022-1490h

07/08

 

 

Amendment to SB 272

 

Amend the bill by replacing section 3 with the following:

 

3  Duties.  

I.  The committee shall study:

(a)  Moving the public deposit pool from under the banking department's oversight to the treasury;

(b)  How other states handle their pool; and

(c)  The public deposit investment pool's advisory board's responsibilities, board representation of entities utilizing the pool, and rate of return.

II.  The committee may solicit input from other entities of its choosing.