Bill Summary for H 118 (2011-2012)

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Bill: WINSTON-SALEM/DAILY CURRENCY/COINS DEPOSITS.

Summary date: 

Feb 16 2011
S.L. 2011-89

Bill Information:

View NCGA Bill Details(link is external)2011-2012 Session
House Bill 118 (Local) Filed Wednesday, February 16, 2011
RELATING TO THE DAILY DEPOSIT OF COLLECTIONS AND RECEIPTS BY THE CITY OF WINSTON SALEM.
Intro. by Womble, Parmon.

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Bill summary

Amends Section 1 of SL 1995-79, as amended, to provide that when a Winston-Salem officer or employee deposits currency or coins into a cash vault that physically secures the cash and electronically records the deposit daily in an official depository bank, the deposit qualifies as a daily deposit even if the cash is not physically deposited until later.