| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Raised Bill No. 451 | |
| 2 | 2 | February Session, 2010 LCO No. 2352 | |
| 3 | - | *_____ | |
| 3 | + | *_____SB00451CE____031910____* | |
| 4 | 4 | Referred to Committee on Commerce | |
| 5 | 5 | Introduced by: | |
| 6 | 6 | (CE) | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | 10 | Raised Bill No. 451 | |
| 11 | 11 | ||
| 12 | 12 | February Session, 2010 | |
| 13 | 13 | ||
| 14 | 14 | LCO No. 2352 | |
| 15 | 15 | ||
| 16 | - | *_____ | |
| 16 | + | *_____SB00451CE____031910____* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on Commerce | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | 22 | (CE) | |
| 23 | 23 | ||
| 24 | 24 | AN ACT CONCERNING INVESTMENT IN COMMUNITY BANKS. | |
| 25 | 25 | ||
| 26 | 26 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 27 | 27 | ||
| 28 | 28 | Section 1. Section 3-24k of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage): | |
| 29 | 29 | ||
| 30 | 30 | (a) The State Treasurer may establish a program under which the State Treasurer may, based on cash availability, make available a pool of funds not exceeding [one] two hundred million dollars for investment with community banks and community credit unions. Such funds shall be obtained from the state's operating cash managed by the State Treasurer. | |
| 31 | 31 | ||
| 32 | 32 | (b) The State Treasurer shall establish a schedule for making such investments with such banks and credit unions. | |
| 33 | 33 | ||
| 34 | 34 | (c) The State Treasurer shall establish a competitive bidding procedure under which such banks and credit unions may compete for investment-related services under said program. | |
| 35 | 35 | ||
| 36 | 36 | (d) The State Treasurer may establish capital standards for such banks and credit unions wishing to participate in said program. | |
| 37 | 37 | ||
| 38 | 38 | ||
| 39 | 39 | ||
| 40 | 40 | ||
| 41 | 41 | This act shall take effect as follows and shall amend the following sections: | |
| 42 | 42 | Section 1 from passage 3-24k | |
| 43 | 43 | ||
| 44 | 44 | This act shall take effect as follows and shall amend the following sections: | |
| 45 | 45 | ||
| 46 | 46 | Section 1 | |
| 47 | 47 | ||
| 48 | 48 | from passage | |
| 49 | 49 | ||
| 50 | 50 | 3-24k | |
| 51 | 51 | ||
| 52 | 52 | ||
| 53 | 53 | ||
| 54 | 54 | CE Joint Favorable | |
| 55 | - | BA Joint Favorable | |
| 56 | 55 | ||
| 57 | 56 | CE | |
| 58 | - | ||
| 59 | - | Joint Favorable | |
| 60 | - | ||
| 61 | - | BA | |
| 62 | 57 | ||
| 63 | 58 | Joint Favorable |