Indiana House Bill 1297 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Passed on May 16 2011 - 100% progression
Action: 2011-05-16 - Effective 05/10/2011
Text: Latest bill text (Enrolled) [HTML]

Provides that in order to serve as a depository of public funds, a financial institution does not have to maintain a capital ratio in excess of the minimum required by the institution's governmental supervisory body if the institution has fully collateralized the institution's public funds on deposit by pledging and delivering acceptable collateral to the board for depositories. Provides that a service charge to be paid by a political subdivision to a public depository in which the political subdivision's funds are deposited may be paid from interest earned on the funds in the political subdivision's account with the public depository. Provides that a service charge to be paid by a political subdivision to a public depository for the depository's management of an investment cash management system for the political subdivision may be paid from interest earned on the funds in the political subdivision's account with the public depository that manages the system.

Public depositories.

Rep. Charles Burton [R]

Rep. Chester Dobis [D]

Rep. Robert Heaton [R]

Sen. Mark Messmer [R]

2011-04-25 - House - House - House concurred in Senate amendments (Y: 85 N: 7 NV: 2 Abs: 6) [PASS]
2011-04-12 - Senate - Senate - Third reading: passed (Y: 49 N: 0 NV: 0 Abs: 0) [PASS]
2011-01-31 - House - House - Third reading: passed (Y: 94 N: 2 NV: 1 Abs: 3) [PASS]

Date	Chamber	Action
2011-05-16		Effective 05/10/2011
2011-05-16		Public Law 202
2011-05-10		Signed by the Governor
2011-05-02		Signed by the President of the Senate
2011-04-26		Signed by the President Pro Tempore
2011-04-26		Signed by the Speaker
2011-04-25		House concurred in Senate amendments; Roll Call 647: yeas 85, nays 7
2011-04-12		Returned to the House with amendments
2011-04-12		Third reading: passed; Roll Call 347: yeas 49 and nays 0
2011-04-05		Amendment 1 (Holdman), prevailed;
2011-04-05		Second reading: amended, ordered engrossed
2011-03-29		Senator Simpson added as cosponsor
2011-03-24		Committee report: do pass, adopted
2011-02-17		First reading: referred to Committee on Insurance and Financial Institutions
2011-01-31		Senate sponsor: Senator Paul
2011-01-31		Referred to the Senate
2011-01-31		Third reading: passed; Roll Call 55: yeas 94, nays 2
2011-01-24		Second reading: ordered engrossed
2011-01-20		Committee report: do pass, adopted
2011-01-12		First reading: referred to Committee on Financial Institutions
2011-01-12		Coauthored by Representatives Burton, Dobis and Heaton
2011-01-12		Authored by Representative Messmer

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=HB&docno=1297
Text	http://www.in.gov/legislative/bills/2011/IN/IN1297.1.html
Text	http://www.in.gov/legislative/bills/2011/HB/HB1297.1.html
Text	http://www.in.gov/legislative/bills/2011/EH/EH1297.1.html
Text	http://www.in.gov/legislative/bills/2011/EH/EH1297.2.html
Text	http://www.in.gov/legislative/bills/2011/HE/HE1297.1.html
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Hrollcal/0055.PDF.pdf
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Srollcal/0347.PDF.pdf
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Hrollcal/0647.PDF.pdf