February 12, 2003





SENATE BILL No. 214

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DIGEST OF SB 214 (Updated February 6, 2003 3:12 PM - DI 105)



Citations Affected: IC 5-13; IC 5-22.

Synopsis: Procurement of banking services. Provides that the office of the treasurer of state is the purchasing agency for banking services for the state. Requires the treasurer of state to use the purchasing power of the state to limit the amount of fees the state pays for banking services. Provides that the statute covering purchasing of services applies to the purchasing of banking services for the state.

Effective: July 1, 2003.





Wyss, Lewis




    January 9, 2003, read first time and referred to Committee on Insurance and Financial Institutions.
    February 11, 2003, amended, reported favorably _ Do Pass.






February 12, 2003

First Regular Session 113th General Assembly (2003)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2002 Regular or Special Session of the General Assembly.

SENATE BILL No. 214



    A BILL FOR AN ACT to amend the Indiana Code concerning state offices and administration.

Be it enacted by the General Assembly of the State of Indiana:

    SECTION 1. IC 5-13-10.5-1.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 1.5. (a) In making investments of funds under this article, the treasurer of state shall use the purchasing power of the state to limit the amount of fees the state pays for banking services.
    (b) IC 5-22-6 applies to purchase of banking services for the state.

    SECTION 2. IC 5-22-4-9 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 9. (a) Notwithstanding any other law, the office of the treasurer of state is the purchasing agency for banking services for the state.
    (b) The treasurer of state and the individuals designated by the treasurer of state are the purchasing agents for banking services for the state.