SB385 H B&I AM 3-3 #1
The Committee on Banking and Insurance moves to amend the bill on Page 2, Section 2, line 1, by striking the sentence beginning on line 1 and ending with the period after the word "time" on line 9 and inserting in lieu thereof the following:
" No designation is binding on any county, nor shall any public money be deposited thereunder in excess of the amount insured by an agency of the federal government, until the banking institution designated executes a bond with good and sufficient sureties, to be accepted and approved by the county commission, payable to the State of West Virginia, in a sum as the county commission shall direct, and which may not be less than the maximum sum that is deposited amount of the deposit that exceeds the amount insured by an agency of the federal government in the depository at any one time."
Adopted
Rejected