Introduced by Sen. Jean Berkey, (D-Everett) (D) on January 11, 2010, modifies provisions for time certificate of deposit investments by the state to specifically designate the state treasurer as the responsible authority and to clarify that funds may be provided from either treasury surplus or local government investment funds. (See also HB 2463).
Referred to the Senate Financial Institutions, Housing & Insurance Committee on January 11, 2010.
Referred to the Senate Rules Committee on January 15, 2010.
Passed in the Senate (45 to 0) on January 29, 2010, to provide that the State Treasurer has discretion as to whether he or she deposits all the funds certified to be available for the Time Certificate of Deposit (TCD) program into the TCD program. As part of the funds certified to be available for the TCD program, the State Treasurer is authorized to deposit Local Government Investment Pool (LGIP) funds into the TCD program. [Vote Details and Comments]
Received in the House on February 1, 2010.
Referred to the House Financal Institutions & Insurance Committee on February 1, 2010.
Referred to the House Rules Committee on February 19, 2010.