Local government investment pool; limitations. (HB2583)

Introduced By

Del. Don Merricks (R-Danville) with support from 22 copatrons, whose average partisan position is:

Progress

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

Description

Local government investment pool; limitations. Provides that no less than 10 percent of local government investment pool assets shall be invested in time, savings, or demand deposits at financial institutions qualified to accept public deposits under the Virginia Security for Public Deposits Act. Amends § 2.2-4602 (“Local government investment pool created.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History