Georgia Legislative Watch

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HB96 - Federal Home Loan Bank; letters of credit; secure state funds; provide

Filed under: Banking, Legislation — January 23, 2007 @ 7:05 am

HB96 - Federal Home Loan Bank; letters of credit; secure state funds; provide
Sponsored by: Mills,James 25th

A BILL to be entitled an Act to amend Article 3 of Chapter 17 of Title 50 of the Official Code of Georgia Annotated, relating to state depositories, so as to provide for letters of credit issued by a Federal Home Loan Bank to be accepted to secure state funds on deposit in state depositories; to provide for related matters; to repeal conflicting laws; and for other purposes.

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