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Minutes for HB2152 - Committee on Financial Institutions and Insurance
Short Title
Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.
Minutes Content for Mon, Mar 17, 2025
The hearing on HB 2152 was re-opened by Chairperson Dietrich.
John Goodyear of the League of Kansas Municipalities spoke in favor of the bill. (Attachment 1) He spoke on how well the interested parties came together to create a good bill and stood for questions.
Chairperson Dietrich closed the hearing on HB 2152.
