SB 660, 2016 (Amended Section - as Truly Agreed)
110.140. 1. Any banking corporation or association in
the county desiring to bid shall deliver to the clerk of the
commission, on or before the first Monday of July at which the
selection of depositaries is to be made, a sealed proposal, stating
the rate of interest that the banking corporation, or association
offers to pay on the funds of the county for the term of two
or four years next ensuing the date of the bid, or, if the selection
is made for a less term than two or four years, as provided in
sections 110.180 and 110.190, then for the time between the date
of the bid and the next regular time for the selection of depositaries
as fixed by section 110.130.
2. Each bid shall be accompanied by a certified check for not less than [the proportion of one and one-half percent of the county general revenue of the preceding year as the sum of the part or parts of funds bid for bears to the whole number of the parts] two thousand five hundred dollars, as a guaranty of good faith on the part of the bidder, that if his or her bid should be the highest he or she will provide the security required by section 110.010. Upon his or her failure to give the security required by law, the amount of the certified check shall go to the county as liquidated damages, and the commission may order the county clerk to readvertise for bids.
3. It shall be a misdemeanor, and punishable as such, for the clerk of the commission, or any deputy of the clerk, to directly or indirectly disclose the amount of any bid before the selection of depositaries.