HB 1864 -- BANK DEPOSITS FOR EXCURSION GAMBLING BOATS

SPONSOR:  Parson

COMMITTEE ACTION:  Voted "do pass by consent" by the Special
Committee on Financial Institutions by a vote of 8 to 0.

This bill allows operators of excursion gambling boats to deposit
checks on the next business day of the financial institution
instead of within 24 hours.

FISCAL NOTE:  No impact on state funds in FY 2009, FY 2010, and
FY 2011.

PROPONENTS:  Supporters say that the bill will allow excursion
gambling boats to make bank deposits the next business day a
financial institution is open instead of within 24 hours.
Deposits cannot be made on Sundays or on holidays when the
financial institution is closed.

Testifying for the bill were Representative Parsons; and Missouri
Gaming Association.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm