Bill No.: SF0084                  Drafter:  MRW

LSO No.:  07LSO-0284              Effective Date:

Enrolled Act No.:  SEA0034

Chapter No.:

Prime Sponsor:     Joint Minerals, Business and Economic Development Interim Committee

Catch Title:       Public funds time deposit and open accounts.

Subject:  Changing interest payment calculation on time deposit, open accounts.

Summary/Major Elements:

• Changes the date of payment of interest for time deposit, open accounts (TDOAs) from the first day of each quarter to any day in the quarter as required by the state treasurer.  These are public funds on deposit with banks.