HB0129 - AN ACT to amend Tennessee Code Annotated, Section 9-1-107, relative to collateral on government deposits.
Tennessee - 113th General Assembly
Introduced byKip Capley
Last updated over 1 year ago
1 Co-Sponsor
As enacted, deauthorizes the use of promissory notes secured by a first mortgage or a first deed of trust upon residential real property as collateral by banks in which public funds are invested or deposited by a governmental entity for investments or deposits above the insurance limitations provided by the FDIC. - Amends TCA Section 9-1-107.
STATUS
Passed
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