Adopted

AMENDMENT NO 1 PROPOSED TO

House Bill No. 1577

BY: Representatives Aguirre, Estrada

AMEND on line 10 by inserting the following before the word "The":  (1)

AMEND on line 19 by striking ", which" and by inserting the following language: .  The bid notice requirement published by the board of supervisors, as set out under this subsection, shall be accomplished by the board publishing the bid notice in a local newspaper at least once for the initial bidding process.  On the same day that the bid notice is published, the board of supervisors shall send the standard bid or proposal form as well as any required attachments to all local financial institutions that are qualified depositories via an electronic version.  The electronic version shall provide a financial institution the ability to type in responses for the form and required attachments.  The notice shall:

(a)  Provide good contact information to qualified financial institutions to assist in the bidding process;

(b)  Direct qualified financial institutions to use the standardized bid or proposal form and any required attachments of such form that are provided by the Office of the State Treasurer; and

(c)  Provide any qualified financial institution any additional information that would be necessary for such institution to offer a qualified bid.

AMEND on line 19 by beginning a new paragraph and by inserting the following before the word "notice":  The

AMEND on line 26 by inserting the following after the period and by beginning a new paragraph: (2)

AMEND on line 43 by inserting the following after the period and by beginning a new paragraph: (3)

AMEND further the title on line 6 by inserting the following language after the semicolon:  TO CLARIFY THE PUBLICATION AND BIDDING PROCESS FOR ANY QUALIFIED FINANCIAL INSTITUTION THAT SEEKS TO BECOME THE DEPOSITORY FOR COUNTY, MUNICIPAL AND SCHOOL FUNDS;