Bill Status of HR0531 99th General Assembly
Short Description: FINANCIAL SVC FEE REDUCTION
Rep. Emanuel Chris Welch - John Bradley - Will Guzzardi - Mike Smiddy - Elgie R. Sims, Jr., Michael J. Zalewski, Frances Ann Hurley, La Shawn K. Ford, Monique D. Davis, Kelly M. Cassidy, Thaddeus Jones, Mary E. Flowers, Martin J. Moylan, Carol Ammons, Jehan Gordon-Booth, Christian L. Mitchell, Daniel V. Beiser and Patrick J. Verschoore
| 5/30/2015||House||Resolution Adopted|
Synopsis As Introduced
Urges the members of the General Assembly to not implement any cuts to State aid to municipalities unless those cuts are matched by equally proportionate reductions in fees for financial services paid by State agencies, including fees for all financial services, including cash management, investment management, and debt management. Urges all State agencies to request that the firms that provide them financial services reduce fees by an equally proportionate amount if the General Assembly cuts State aid to municipalities and to not make any payments to firms that refuse to reduce fees for financial services by the set amount until they have first met all of their other financial obligations, including fully funding public services and State aid to municipalities, paying workers, making pension fund contributions, and paying other legitimate bills.