HB 1111 (1998): relative to the types of investments allowable by local treasurers.

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@misc{bill-1998-hb1111, title = {HB 1111 (1998): relative to the types of investments allowable by local treasurers.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1998/hb1111}, note = {Accessed 24 Oct. 2026} }

HB 1111 (1998)

relative to the types of investments allowable by local treasurers.

  • Status: Signed into law
  • Term: 1997-1998
  • House committee: Municipal and County Government
  • Senate committee: Banks
  • Subject: Municipalities
  • Chapter law: 40

The Story

It was introduced on January 7, 1998 and referred to the House Municipal and County Government committee. The committee held a public hearing on January 28, 1998. The majority of the committee recommended that the House pass it with changes unanimously, 13–0, and the report was placed on the consent calendar. On March 5, 1998 the House voted to pass it with changes. It crossed to the Senate on March 5, 1998 and was referred to the Senate Banks committee. The committee held a public hearing on March 24, 1998. The committee voted unanimously, 5–0, to recommend that the Senate pass it. On April 9, 1998 the Senate voted to pass it on a voice vote. The bill was enrolled on April 23, 1998 — the final check of the text before it goes to the governor. The governor signed it on May 5, 1998, making it Chapter 40 of the session laws. It took effect on July 4, 1998.

Sponsors

  • Rep. Packard (Rock 29) (prime sponsor)
  • Rep. McKinney (Rock 29)

Hearings and Sessions

  • January 28, 1998, 10:00 AM: hearing, House Municipal and County Government, RM301,LOB
  • March 24, 1998, 1:30 PM: hearing, Senate Banks, RM102,LOB

Votes

  • April 9, 1998, Senate: Ought to Pass — voice vote, passed

The Docket

  • January 7, 1998: INTRODUCED AND REF TO MUN & CNTY GOVT; HJ3,P96
  • January 7, 1998: COPY TO CHAIRMAN ON 12/05/97 DUE ON 02/20/98
  • January 28, 1998: HEARING JAN28 10:00 RM301,LOB FOR: M&CG
  • February 18, 1998: MAJ REPORT OTP/AM FOR MAR05 (VOTE 13-0;CC)
  • February 18, 1998: PROP COMM AM<0784>; HC16,P774-776
  • March 5, 1998: PASSED WITH AM; HJ21,P1115-1117 + 1168
  • March 5, 1998: INTRODUCED AND REF TO BANKS; SJ5,P122
  • March 24, 1998: HEARING MAR24 1:30 RM102,LOB FOR: BANKS
  • April 6, 1998: COMM REPORT OTP APR09 (VOTE 5-0)
  • April 9, 1998: PASSED VV; SJ10,P253 + 272
  • April 23, 1998: ENROLLED; HJ38,P1587
  • April 23, 1998: ENROLLED; SJ12,P297
  • May 5, 1998: SIGNED BY GOVERNOR 05/05/98 EFF: 07/04/98 CHAP.0040

Laws It Would Change

Related Bills

  • HB 474-LOCAL (1997): allowing local treasurers to invest in collateralized money markets with major investments.

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