2011 House Bill 4677

Revise state interest rate accounting method

Introduced in the House

May 24, 2011

Introduced by Rep. Rick Olson (R-55)

To require that all cash and other assets deposited into the state’s common cash fund be credited with the same rate of investment interest for accounting purposes. This would make all interfund loans to be at market interest rates.

Referred to the Committee on Appropriations