The Senate Banking, Business, Insurance & Technology Committee heard testimony on SB 247, which would extend to counties and municipalities the same ability the state of Delaware already has to deposit funds in credit unions. All five witnesses testified in support and no opposition was voiced, but the bill's final disposition was not recorded.
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Pettyjohn asked: 'And why is this a two thirds bill?' Mantzavinos responded it was 'an attorney question' and asked to get back to Pettyjohn on it. Pettyjohn acknowledged: 'Sure, absolutely.' No answer was provided during the hearing.
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“Everyone knows the Route 9 library right when it was being built we partnered with the county Newcastle county as a credit union to offer a space in that library for financial literacy and to have a convenient bank where people can be educated out to bank. And because of this rule, current rule, we weren't able to do it because the county couldn't justify having a credit union where they couldn't deposit their funds.”
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Sign in to subscribeAll right. Good afternoon, everyone. The Senate Banking, Business, Insurance and Technology Committee meeting is called to order. As chair and in accordance with Senate rules, this committee is authorized to meet in hybrid format. Committee members and members of the public can participate either in person or virtually through zoom webinar. Should any member experience technical difficulties, please contact Wyatt. The public may participate virtually by registering via the meeting link that is posted on the General Assembly's website. Instructions for providing public comment are posted on the General Assembly's website under this committee meeting's notice and will be provided again during the public comment portion of this hearing. Members of the public are also welcome to attend the meeting in person and should sign the signing document which is at the end of the table for attendance and indicate if they'd like to speak on the bill. So we'll begin by taking roll call. Dependents of committee members present. I am. Senator Spiros. Manzevin is present. Senator Pardee is absent. Senator Brown is absent. Senator Ford is absent. Senator Siegfried. Present. Senator Walsh is absent. Senator Pettyjohn. Presentation. Senator Richardson. Okay, we'll move to the first item on…
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