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Committee adopts technical amendments to judicial-security bill, restores cash as payment option
Summary
The committee amended and advanced HB1042 (LC492632) to clarify acceptable payment methods at sales (restoring cash, cashier's checks or certified funds), add credit unions to deposit protections, and codify credit bids per case law.
Vice chair Reeves presented HB1042 (LC492632) describing technical updates: restoring cash as an accepted payment option in lieu language for sales, retaining cashier's checks and certified funds, adding credit unions to recognized depository protections, and codifying credit bidding consistent with case law. Members sought a friendly amendment to explicitly add "cash" to the listing of acceptable forms in line 27.
The committee adopted the amendment to read in lieu of "cash, a cashier's check, or certified funds," and then passed the bill by voice vote. The vice chair and members said the changes codify existing court practice and clarify transactional language for judicial sales.
Next steps: The bill passed out of committee and will proceed in the legislative process.
