Introduced Version
House Concurrent Resolution 59 History
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Key: Green = existing Code. Red = new code to be enacted
HOUSE CONCURRENT RESOLUTION NO. 59
(By Delegates Kominar, Moore and Schoen)
Requesting the Joint Committee on Government and Finance conduct a
study to review, study and examine the issues related to
authorizing conditional receipt of bank deposits.
Whereas, Bank
customers often have items presented to be paid
or charged to an account with insufficient funds; and
Whereas,
In such cases, a customer has often made a sufficient
deposit awaiting clearance, but the deposit is not credited,
resulting in overdraft fees; and
Whereas,
In such cases the bank should conditionally accept the
deposit and hold the items to be charged against it until the
deposit is credited; and
Whereas,
If conditional acceptance of the deposit is not
sufficient for the items to be charged against it, the bank may
process the credit and debits in its normal course of business;
therefore,
be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested
to review, study and examine the issues related to
authorizing conditional receipt of bank deposits; and, be it
Further Resolved,
That the Joint Committee on Government and
Finance report to the regular session of the Legislature, 2008, on
its findings, conclusions and recommendations, together with drafts
of any legislation necessary to effectuate its recommendations;
and, be it
Further Resolved, That the expenses necessary to conduct this
study, to prepare a report and to draft necessary legislation be
paid from legislative appropriations to the Joint Committee on
Government and Finance.
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