Investment of Public Funds Act; authorized through Certificate of Deposit Account Registry Service. (SB399)

Introduced By

Sen. Phil Puckett (D-Tazewell) with support from co-patron Sen. Roscoe Reynolds (D-Martinsville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Investment of Public Funds Act; Certificate of Deposit Account Registry Service. Authorizes the investment of public funds through the Certificate of Deposit Account Registry Service offered by banks and savings institutions in Virginia. Amends § 2.2-4518 (“Investment of funds in deposits.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History