SB524Introduced in the Senate
Requiring banks to enter into a written agreement with the state treasurer to be a depository of public moneys, increasing the market value of securities necessary to secure the deposit of public moneys, providing procedures for when a depository fails to follow the requirements of the state treasurer, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.
Introduced by Assessment and Taxation
What does this bill do?
Plain-English breakdown
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Official description
Requiring banks to enter into a written agreement with the state treasurer to be a depository of public moneys, increasing the market value of securities necessary to secure the deposit of public moneys, providing procedures for when a depository fails to follow the requirements of the state treasurer, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.
Where it stands
House Referred to Committee on Financial Institutions and Pensions
March 23, 2026
How did lawmakers vote?
SenateStage: Senate Emergency Final Action - Passed as amended - Yea: 40 Nay: 0 · March 19, 2026
40
Yes
0
No
0
Absent or Not Voting
40 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Scott Hill | 70 | Yes |
| Silas Miller | 86 | Yes |
| Craig Bowser | 1 | Yes |
| Marci Francisco | 2 | Yes |
| Rick Kloos | 3 | Yes |
| David Haley | 4 | Yes |
| Jeff Klemp | 5 | Yes |
| Pat Pettey | 6 | Yes |
| Ethan Corson | 7 | Yes |
| Cindy Holscher | 8 | Yes |
Bill history
Senate Introduced
Senate Referred to Committee on Financial Institutions and Insurance
Senate Hearing: Monday, March 9, 2026, 9:30 AM Room 546-S
Senate Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Insurance
Senate Committee of the Whole - Committee Report be adopted
Senate Committee of the Whole - Be passed as amended
Senate Emergency Final Action - Passed as amended; Yea: 40 Nay: 0
House Received and Introduced
House Referred to Committee on Financial Institutions and Pensions
Verify the information
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