House of Representatives

HB 2612

stadium districts; district treasurer

Sponsors: Representatives Marsh, Cooley, Hanson, et al.

X	Committee on Military, Veterans' Affairs & Aviation
	Committee on Counties & Municipalities
	Caucus and COW
	Third Read
	As Passed the House

HB 2612 allows a countywide stadium district to appoint the Chief Financial Officer (CFO) of the county as the district treasurer. It also allows the district treasurer to invest monies in the fund for a period of more than five years.

History

Current statute provides that the county treasurer be designated ex officio as the treasurer of a countywide stadium district. Current statute also provides that the district treasurer may invest and reinvest any unexpended monies in the fund in securities and deposits with a maximum maturity of five years.

Provisions

· Allows the board of directors of a countywide stadium district to appoint the CFO of the county as the district treasurer.

· Allows the district treasurer to invest and reinvest monies in the fund, other than operating fund monies, in eligible investments with a maturity of greater than five years.

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· 45th Legislature

· Second Regular Session 2 March 20, 2002

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