SF0143S2001

This amendment adds restrictions on when the state treasurer and political subdivision treasurers may deposit public monies in credit unions.

• Adds a requirement that the state treasurer shall not deposit public monies in a credit union unless the credit union is within ten miles of the treasurer's office and there is no bank that qualifies as a depository for public monies within ten miles of the treasurer's office. (Page 4, lines 19-7)
• Adds an identical requirement for treasurers of political subdivisions, municipalities, or special districts, prohibiting them from depositing public monies in credit unions unless the credit union is within ten miles of their office and no qualifying bank exists within ten miles. (Page 11, lines 6-17)

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