stadium districts; district
treasurer
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Committee on Military, Veterans' Affairs & Aviation |
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w/d |
Committee on Counties & Municipalities |
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dp |
Caucus and COW |
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x |
Third Read |
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As Passed the House |
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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.
HB 2612 passed the Military, Veterans’ Affairs & Aviation Committee unamended. HB 2612 was withdrawn from the Committee on Counties & Municipalities. HB 2612 passed the Committee of the Whole unamended.
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.
· 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
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Second Regular Session 2 April
6, 2002
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