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SB 524 Died

Requiring banks to enter into a written agreement with the state treasurer to be a depository of public moneys, increasing the market value of securities necessary to secure the deposit of public moneys, providing procedures for when a depository fails to follow the requirements of the state treasurer, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.

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Legislative Timeline

9 actions
  1. Apr 10, 2026 lower
    Died in House Committee
  2. Mar 23, 2026 lower
    Received and Introduced
  3. Mar 23, 2026 lower
    Referred to House Committee on Financial Institutions and Pensions
  4. Mar 19, 2026 upper
    Committee of the Whole - Committee Report be adopted
  5. Mar 19, 2026 upper
    Committee of the Whole - Be passed as amended
  6. Mar 19, 2026 upper
    Emergency Final Action - Passed as amended; Yea 40, Nay 0
  7. Mar 11, 2026 upper
    Committee Report recommending bill be passed as amended by Senate Committee on Financial Institutions and Insurance
  8. Mar 4, 2026 upper
    Referred to Senate Committee on Financial Institutions and Insurance
  9. Mar 3, 2026 upper
    Introduced
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