DAVIS,STEVE, MCGUIRE, MATHIAS AND MOFFITT.
ST TREAS DEPOSIT-CAHOKIA MOUND
Synopsis of Bill as introduced:
Amends the Deposit of State Moneys Act. Permits the State
Treasurer to deposit State moneys at a reduced interest rate with a
financial institution that agrees to use moneys equal to the interest
reduction for preservation of Cahokia Mounds. Effective immediately.
FISCAL NOTE (State Treasurer)
HB 4066 will not increase State expenditures. However, the
lower rate of interest will have a slight decrease in revenues.
At today's interest rates, revenues would decrease $1,160 per
$100,000 on deposit for one year.
Last action on Bill: PUBLIC ACT.............................. 92-0625
Last action date: JUL-11-2002
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status