Prince George's County Council - Reference No. CB-075-2016

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Details

Reference No.

CB-075-2016 Draft No.

Type:

Council Bill

Status:

Enacted

Meeting Body

County Council

Meeting Date

11/15/2016

Introduced Date

10/18/2016

Public Hearing Date

11/15/2016 @ 10:00 a.m.

Effective date:

1/17/2017

Title:

AN ACT CONCERNING COUNTY FUND DEPOSITS IN COUNTY-BASED, MINORITY, AND SMALL BANKING INSTITUTIONS OR DEPOSITORIES for the purpose of requiring that at least 50% of County funds be deposited and maintained in county-based, minority, or small banking institutions or depositories with one or more branch locations in the County; defining County-based Banking Institution or Depository, Minority Banking Institution or Depository, and Small Banking Institution or Depository; and generally relating to the deposit of County funds.

Proposers/Sponsors:

Mel Franklin, Derrick Leon Davis, Dannielle M. Glaros, Andrea C. Harrison, Mary A. Lehman, Obie Patterson, Deni L. Taveras, Karen R. Toles, Todd M. Turner

Code sections:

10-115 -

Attachments:

1. B2016075, 2. CB-75-2016 AIS.pdf, 3. CB-075-2016 Report, 4. CB-075-2016 Fiscal Impact

Contact:

Colette Gresham, Legislative Officer

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
12/1/2016	2	County Executive	signed		Action details	Meeting details	Not available
11/15/2016	2	County Council	public hearing held		Action details	Meeting details	Video
11/15/2016	2	County Council	enacted	Pass	Action details	Meeting details	Video
10/18/2016	1	County Council	introduced		Action details	Meeting details	Video
10/13/2016	1	Public Safety and Fiscal Management Committee	Favorably recommended with amendments	Pass	Action details	Meeting details	Not available
10/3/2016	1	Public Safety and Fiscal Management Committee	Held in Committee		Action details	Meeting details	Not available
9/20/2016	1	County Council	presented and referred		Action details	Meeting details	Video

Title

AN ACT CONCERNING COUNTY FUND DEPOSITS IN COUNTY-BASED, MINORITY, AND SMALL BANKING INSTITUTIONS OR DEPOSITORIES for the purpose of requiring that at least 50% of County funds be deposited and maintained in county-based, minority, or small banking institutions or depositories with one or more branch locations in the County; defining County-based Banking Institution or Depository, Minority Banking Institution or Depository, and Small Banking Institution or Depository; and generally relating to the deposit of County funds.

Background

The proposed legislation requires that at least 50% of County funds shall be deposited and maintained in County-based, minority, or small banking institutioins or depositories with one or more branch locations in the County.

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