Local government investment pool; limitations. (HB246)

Introduced By

Del. Don Merricks (R-Danville) with support from co-patrons Del. Clay Athey (R-Front Royal), Del. Danny Marshall (R-Danville), and Del. Tom Rust (R-Herndon)

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. The bill, as introduced in 2009, contained a reenactment clause that requires it to be reenacted by the 2010 Session of the General Assembly.   View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.