This bill gives local banks and credit unions a 10 percent pricing preference when bidding to manage the state’s bank accounts. Continue reading
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The bill would give New Mexico-based banks and credit unions that otherwise meet the state’s banking requirements a 10 percent preference in bidding to be the state’s fiscal agent, the institution that manages its day-to-day banking business. The bill also requires the New Mexico Treasurer and the State Investment Council to develop an investment policy for funds held in CDs (certificates of deposit) that would increase community bank lending to local residents and businesses. Continue reading
Federal law prohibits banks from amassing, through mergers and acquisitions, more than 30 percent of the deposits in any one state. The law also gives each state the authority to raise or lower its own cap, or to abolish it altogether. Here we list the cap adopted by each state. Continue reading
Colorado’s notification law was repealed shortly after its enactment on the grounds that the state reporting requirement imposed an excessive burden on out-of-state sellers. Similar laws that require online retailers to notifying customers of their tax liability, but do not have a state reporting requirement, have been adopted in Oklahoma and South Dakota. Continue reading
States and municipalities have long evaluated the impact that large retail development projects may have on such things as traffic and the environment. Some are now adopting policies that require that the economic and fiscal impact of these developments be considered as well.(Economic impacts include the effect on local businesses, jobs, and wages. Fiscal impact… Continue reading
The Federal Robinson-Patman Act prohibits manufacturers and suppliers from providing price discounts and other forms of preferential treatment to some buyers and not to others, if the effect of such discrimination is to lessen competition or injure individual competitors. Volume discounts are allowed only to the extent that they reflect actual differences in the cost of manufacture or sale of the product. Continue reading
To protect its citizens from deceptive advertising, the state of Vermont implemented a law in 2008 that says that labels like "local" and "locally grown" may be applied only to food and other goods that originate in Vermont or within 30 miles of where they are being sold. Continue reading
States that want to spur broadband in their state would do well to look at the Virginia Resources Authority. Created in 1984, the VRA helps municipalities and other public entities to secure funding for important infrastructure projects. In 25 years, the VRA has helped create more than $3.1 billion in communities around the state.
In 2009, Joe May of the House of Delegates led an effort to improve broadband access in communities across the state with HB 2665 – creating the Broadband Infrastructure Loan Fund, a revolving loan program modeled on the Virginia Clean Water Revolving Loan Fund.
In August 2009, North Carolina passed a measure requiring large e-commerce retailers to collect and remit state sales taxes if they generate more than $10,000 in sales a year through in-state sales affiliates. Continue reading
In 2009, Rhode Island began requiring e-commerce retailers to collect and remit state sales taxes if they generate more than $5,000 in sales through in-state sales affiliates. Continue reading