SB 102-FN (1991): authorizing the bank commissioner to establish and administer a public deposit investment pool.

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@misc{bill-1991-sb102, title = {SB 102-FN (1991): authorizing the bank commissioner to establish and administer a public deposit investment pool.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1991/sb102}, note = {Accessed 24 Oct. 2026} }

SB 102-FN (1991)

authorizing the bank commissioner to establish and administer a public deposit investment pool.

  • Status: Signed into law
  • Term: 1991-1992
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Banking and Finance
  • Chapter law: 268

The Story

It was introduced on January 3, 1991 and referred to the Senate Banks committee. The committee held a public hearing on February 7, 1991. The committee recommended that the Senate pass it with changes. On March 19, 1991 the Senate voted to pass it with changes on a voice vote. It crossed to the House on March 26, 1991 and was referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on April 17, 1991. The committee held a work session on May 1, 1991. The majority of the committee recommended that the House pass it by a vote of 12–2, and the report was placed on the consent calendar. On May 14, 1991 the House voted to pass it. An enrolled bill amendment () was adopted on a voice vote on May 28, 1991. These correct technical errors found after passage. An enrolled bill amendment () was adopted on a voice vote on May 29, 1991. These correct technical errors found after passage. The bill was enrolled on June 5, 1991 — the final check of the text before it goes to the governor. The governor signed it on June 10, 1991, making it Chapter 268 of the session laws. It took effect on August 9, 1991.

Sponsors

  • Sen. Currier (SD7) (prime sponsor)
  • Sen. Nelson (SD13)
  • Rep. Fair (Merr 7)
  • Rep. B. Packard (Hills 15)

Hearings and Sessions

  • February 7, 1991, 4:00 PM: hearing, Senate Banks, RM103,LOB
  • April 17, 1991, 1:30 PM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • May 1, 1991, 11:00 AM: subcommittee work session, House Commerce, Small Business and Consumer Affairs, RM207,LOB

Votes

  • March 19, 1991, Senate: Ought to Pass with Amendment — voice vote, passed

The Docket

  • January 3, 1991: INTRODUCED AND REF TO BANKS
  • February 7, 1991: HEARING FEB07 04:00 RM103,LOB FOR: BANKS
  • March 15, 1991: COMM REPORT OTP/AM FOR MAR19
  • March 15, 1991: PROP COMM AM (NEW TITLE); SC17,P9-13
  • March 19, 1991: COMM AM, AA VV; SEN FRASER FL AM, AA VV; PASSED WITH AM VV; SJ11,P136-141 + 154
  • March 26, 1991: INTRODUCED AND REF TO COMMERCE; HJ60,P1367
  • March 26, 1991: IN SEAT POCKET ON APR02 DUE ON MAY07
  • April 17, 1991: HEARING APR17 01:30 RM207,LOB FOR: COMMERCE
  • May 1, 1991: SUBCOM WORK SESSION MAY01 11:00 RM207,LOB FOR: COMMERCE
  • May 7, 1991: MAJ REPORT OTP FOR MAY14 (VOTE 12-2;CC)
  • May 14, 1991: PASSED; HJ78,P1807 + 1839
  • May 28, 1991: ENROLLED AM ADOPTED VV; HJ85,P1921-1922
  • May 29, 1991: ENROLLED AM ADOPTED VV; SJ29,P547
  • May 30, 1991: ENROLLED; SJ30,P591 (& PERM JRNL)
  • June 5, 1991: ENROLLED; HJ89,P1961
  • June 10, 1991: SIGNED BY GOVERNOR 06/10/91 EFF: 08/09/91*CHAP.0268

Laws It Would Change

From the General Court