HCS SB 441 -- THIRD CLASS CITIES

SPONSOR:  Caskey (Williams)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Miscellaneous Bills and Resolutions by a vote of 9 to 0.

This substitute allows Warrensburg to receive bids from banks
doing business within the city at any regular meeting of the
city.  Current law allows cities to receive bids from banking
institutions only once a year, at their regular meetings in
July.  The substitute allows qualifying cities to receive bids
at any regular meeting throughout the year and requires
contracts offered to be for a maximum of 2 years.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the city should be able to
receive bids for banking services at any regular meeting of the
city, not just at July meetings.

Testifying for the bill were Senator Caskey; David Pearce; and
City of Warrensburg.

OPPONENTS:  There was no opposition voiced to the committee.

Donna Schlosser, Legislative Analyst

Missouri House of Representatives
Last Updated November 26, 2001 at 11:47 am