summary
Introduced
01/19/2021
01/19/2021
In Committee
03/08/2021
03/08/2021
Crossed Over
02/24/2021
02/24/2021
Passed
03/13/2021
03/13/2021
Dead
Signed/Enacted/Adopted
03/13/2021
03/13/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC FINANCE; CLARIFYING THE TYPES OF FEDERALLY INSURED OBLIGATIONS IN WHICH COUNTY AND MUNICIPAL TREASURERS MAY INVEST CERTAIN PUBLIC MONEY; MAKING A TECHNICAL CORRECTION.
AI Summary
This bill clarifies the types of federally insured obligations in which county and municipal treasurers may invest certain public money, making a technical correction. Specifically, it allows county and municipal treasurers to invest in "federally insured obligations, including brokered certificates of deposit, certificate of deposit account placement services and federally insured cash accounts." The bill also makes some other changes to the investment authority of county, municipal, and state treasurers.
Committee Categories
Budget and Finance, Business and Industry, Government Affairs, Health and Social Services
Sponsors (1)
Last Action
Signed by Governor - Chapter 29 - Apr. 5 (on 03/13/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=64&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/final/SB0064.pdf |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0064.pdf |
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