Nixon, Zweifel to hold deposits bill signing Monday

Monday, June 29, 2009 | 8:44 a.m. CDT; updated 12:35 p.m. CDT, Monday, June 29, 2009
BY The Associated Press

JEFFERSON CITY — Gov. Jay Nixon and State Treasurer Clint Zweifel are heading to St. Louis and Kansas City to sign legislation that could allow Missouri to earn more interest on its deposits.

Missouri limits the amount of interest state government can earn from local banks on time deposits. The legislation would eliminate the interest cap by 2014.

MoreStory
Related Articles

The bill also broadens Missouri's linked-deposit program. Under that program, the treasurer deposits money in banks at lower interest rates so that the banks can offer cheaper loans to small businesses and agricultural projects.

Signing ceremonies are scheduled for Monday. Zweifel had urged lawmakers to approve the changes during the legislative session.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.

Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

The Quad
advertisements