SB 243 (2012): relative to the management of trust funds and capital reserve funds.
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@misc{bill-2012-sb243, title = {SB 243 (2012): relative to the management of trust funds and capital reserve funds.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2012/sb243}, note = {Accessed 24 Oct. 2026} }
SB 243 (2012)
relative to the management of trust funds and capital reserve funds.
- Status: Died: conferees could not agree
- Term: 2011-2012
- House committee: Municipal and County Government
- Senate committee: Public and Municipal Affairs
- Subject: Municipalities
The Story
It was introduced on January 4, 2012 and referred to the Senate Public and Municipal Affairs committee. The committee held a public hearing on January 31, 2012. The committee recommended that the Senate pass it with changes (amendment 2012-0804s). The committee's amendment (0804s) was adopted on a voice vote on March 7, 2012, changing the text of the bill. On March 7, 2012 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House on March 8, 2012 and was referred to the House Municipal and County Government committee. The committee held a public hearing on April 3, 2012. The committee held a work session on May 3, 2012. The committee met in executive session on May 8, 2012 to vote on its recommendation. The committee voted 15–2 to recommend that the House pass it with changes (amendment 2071h), and the report was placed on the regular calendar. The committee's amendment (2071h) was adopted on a voice vote on May 16, 2012, changing the text of the bill. On May 16, 2012 the House voted to pass it with changes on a voice vote. On May 23, 2012 the Senate adopted “Non-concur with House Amendment #2071h; Requests C of C” on a voice vote, on a motion by Sen. Barnes. On May 24, 2012 the House adopted “House Accedes to Senate Request for Committee of Conference (Rep Bettencourt)” on a voice vote. A committee of conference met on May 25, 2012, May 30, 2012 and May 31, 2012 to try to settle the differences between the two chambers' versions of the bill.
Sponsors
- Sen. Nancy Stiles (R - SD24) (prime sponsor)
- Sen. Gary Lambert (R - SD13)
- Sen. David Boutin (R - SD16)
- Rep. Chris Nevins (R - Rock 15)
- Rep. James Waddell (R - Rock 15)
- Rep. Maurice Pilotte (D - Hills 16)
Hearings and Sessions
- January 31, 2012, 10:10 AM: hearing, Senate Public and Municipal Affairs, LOB 101
- April 3, 2012, 1:00 PM: public hearing, House Municipal and County Government, LOB 301
- May 3, 2012, 10:40 AM: full committee work session, House Municipal and County Government, LOB 301
- May 8, 2012, 10:00 AM: executive session, House Municipal and County Government, LOB 301
- May 25, 2012, 3:30 PM: committee of conference, LOB 103
- May 30, 2012, 3:30 PM: committee of conference, LOB 103
- May 31, 2012, 10:45 AM: committee of conference, LOB 103
Votes
- March 7, 2012, Senate: Ought to Pass with Amendment 0804s — voice vote, passed
- May 16, 2012, House: Ought to Pass with Amendment #2071h — voice vote, passed
- May 23, 2012, Senate: Non-concur with House Amendment #2071h; Requests C of C — voice vote, passed
- May 24, 2012, House: House Accedes to Senate Request for Committee of Conference (Rep Bettencourt) — voice vote, passed
The Docket
- January 4, 2012: Introduced 1/4/2012 and Referred to Public and Municipal Affairs
- January 31, 2012: Hearing: 1/31/12, Room 101, LOB, 10:40 a.m.; SC2
- January 31, 2012: Hearing: 1/31/12, Room 101, LOB, 10:10 a.m.; SC3
- February 15, 2012: Committee Report: Ought to Pass with Amendment #2012-0804s, 3/7/12; SC9
- March 7, 2012: Committee Amendment 0804s; AA, VV
- March 7, 2012: Ought to Pass with Amendment 0804s, MA, VV; OT3rdg
- March 8, 2012: Introduced and Referred to Municipal and County Government
- April 3, 2012: Public Hearing: 4/3/2012 1:00 PM LOB 301
- April 4, 2012: ==CANCELLED== Public Hearing: 4/4/2012 10:00 AM LOB 301
- May 3, 2012: Full Committee Work Session: 5/3/2012 10:40 AM LOB 301
- May 3, 2012: ==CANCELLED== Executive Session: 5/3/2012 11:00 AM LOB 301
- May 8, 2012: Executive Session: 5/8/2012 10:00 AM LOB 301
- May 8, 2012: Committee Report: Ought to Pass with Amendment #2071h for May 15 (Vote 15-2; RC)
- May 8, 2012: Proposed Committee Amendment #2012-2071h
- May 16, 2012: Amendment #2071h: AA VV
- May 16, 2012: Ought to Pass with Amendment #2071h: MA VV
- May 23, 2012: Sen. Barnes Moved Non-concur with House Amendment #2071h; Requests C of C, MA, VV
- May 23, 2012: President Appoints: Senators Stiles, Boutin, and Merrill
- May 24, 2012: House Accedes to Senate Request for Committee of Conference (Rep Bettencourt): MA VV; [Recessed from 5/17/2012 Session]
- May 24, 2012: Speaker Appoints: Reps L.Ober, Sterling, DeStefano, and James Coffey
- May 25, 2012: Committee of Conference Meeting: 5/25/2012, 3:30 p.m., Room 103, LOB
- May 25, 2012: C of C Meeting: 5/25/2012, 3:30 p.m., Room 103, LOB
- May 30, 2012: C of C Meeting: 5/30/2012, 3:30 p.m., Room 103, LOB
- May 31, 2012: Committee of Conference Meeting: 5/31/2012, 10:45 a.m., Room 103, LOB
- May 31, 2012: Conference Committee Report: Not Signed Off