Date: 02/11/2009

Final
BILL SUMMARY for HB09-1257

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View--> Action Taken:
Moved to refer House Bill 09-1257 to the CommitteePASS



09:33 AM -- House Bill 09-1257

Representative Scanlan, prime sponsor, presented House Bill 09-1257 concerning the requirement that the amount of public funds invested in any one certificate of deposit may not exceed the amount insured by the Federal Deposit Insurance Corporation (FDIC). Under current law, public funds invested in any one certificate of deposit in a bank or savings and loan association may not exceed $100,000. The bill amends the cap, stating that the amount of public funds invested in any one certificate of deposit may not exceed the amount insured by the FDIC.

09:34 AM -- Barbara Walker, representing the Independent Bankers of Colorado, testified in support of the bill and responded to a question from Representative Balmer.
BILL:HB09-1257
TIME: 09:35:28 AM
MOVED:Balmer
MOTION:Moved to refer House Bill 09-1257 to the Committee of the Whole. The motion passed 9-0.
SECONDED:Priola
VOTE
Balmer
Yes
Bradford
Yes
Gagliardi
Yes
Liston
Excused
Priola
Yes
Ryden
Yes
Scanlan
Yes
Soper
Yes
Stephens
Yes
Casso
Yes
Rice
Excused
Final YES: 9 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS