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HB 1817
(Askins/Hobson): Makes various changes to the public finance
statutes, including: (1) deletes the provision that surety
company bonds may not be used in lieu of securities pledged
as collateral for county treasurers to make deposits in
county depositories; (2) allows persons other than principal
fiscal officers of state agencies to countersign vouchers
with the agency administrative authority; (3) allows the
State Treasurer to establish procedures, rather than
promulgate rules, for the state in accordance with Federal
Banking and National Automated Clearing House Association
standards; (4) allows the State Treasurer to establish
standards which are more restrictive or limiting than the
statutory standards for securing public deposits, including
letters of credit of the federal government as well as other
federal obligations and surety bonds subject to certain
conditions; (5) allows public assistance warrants, warrant
registers, state bonds, bond interest coupons and receipt
duplicates and specified local documents to be duplicated in
a manner acceptable to the Archives and Records Commission;
(6) modifies instruments which may be accepted by the State
Treasurer for security of public deposits; and (7) repeals
Section 88.1A of Title 62, which prohibited the State
Treasurer from making or renewing linked deposits in FY
95.
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