SENATE AMENDMENT

    Bill No. CS for SB 372

    Amendment No.    

                            CHAMBER ACTION
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11  Senator Rossin moved the following amendment:

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13         Senate Amendment 

14         On page 17, lines 6 through 24, delete those lines

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16  and insert:  placed for safekeeping in a secured vault.

17         (b)  The unit of local government's governing body may

18  also receive bank trust receipts in return for investment of

19  surplus funds in securities. Any trust receipts received must

20  enumerate the various securities held, together with the

21  specific number of each security held. The actual securities

22  on which the trust receipts are issued may be held by any bank

23  depository chartered by the Federal Government, this state, or

24  any other state or territory of the United States which has a

25  branch or principal place of business in this state as defined

26  in s. 658.12, or by a national association organized and

27  existing under the laws of the United States which is

28  authorized to accept and execute trusts and which is doing

29  business in this state.

30         (19)  SALE OF SECURITIES.--When the invested funds are

31  needed in whole or in part for the purposes originally

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 372

    Amendment No.    





 1  intended or for more optimal investments, the unit of local

 2  government's governing body may

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