2004 House Bill 6228

Allow fee for holding securities in lieu of bond

Introduced in the House

Sept. 22, 2004

Introduced by Rep. James Koetje (R-86)

To allow local government treasurers who hold cash or securities in lieu of bond to charge a fee for doing so, and to remove the state treasurer's authority to hold cash or securities in lieu of bond. This applies to civil matters pending before a court, board, or commission where a bond or bail is required.

Referred to the Committee on Local Government and Urban Policy

Sept. 29, 2004

Reported without amendment

With the recommendation that an amendment be adopted and that the bill then pass.

Dec. 2, 2004

Amendment offered

To requires a local goverment's governing body to set the proposed fees, not the local treasurer.

The amendment passed by voice vote

Amendment offered by Rep. James Koetje (R-86)

To eliminate the provision allowing fees to be charged for handling and servicing a deposits covered by the bill.

The amendment passed by voice vote

Passed in the House 96 to 0 (details)

To remove the state treasurer's authority to hold cash or securities in lieu of bond. This applies to civil matters pending before a court, board, or commission where a bond or bail is required. Local government treasurers could still perform this function.

Received in the Senate

Dec. 7, 2004

Referred to the Committee on Judiciary