Bill Summary for H 474 (2013-2014)

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Bill: REDEPOSIT GOVT. FUNDS INTO INS. DEPOSIT ACCT.

Summary date: 

Mar 28 2013
S.L. 2013-305

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 474 (Public) Filed Thursday, March 28, 2013
A BILL TO BE ENTITLED AN ACT TO AUTHORIZE THE REDEPOSIT OF STATE AND LOCAL GOVERNMENT FUNDS INTO INSURED DEMAND, MONEY MARKET, AND NEGOTIABLE ORDER OF WITHDRAWAL DEPOSIT ACCOUNTS.
Intro. by S. Ross, Dockham, Lambeth, Goodman.

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Bill summary

As title indicates. Amends GS 159-30(b1), GS 115D-58.6(a1), and  GS 147-69.1(c)(5) making technical changes and providing for the redeposit of idle state and local government funds into federally insured deposit accounts.