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)
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. The bill, as introduced in 2009, contained a reenactment clause that requires it to be reenacted by the 2010 Session of the General Assembly. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/11/2010 | Committee |
| 01/11/2010 | Prefiled and ordered printed; offered 01/13/10 10101362D |
| 01/11/2010 | Referred to Committee on Appropriations |
| 01/19/2010 | Assigned App. sub: Technology Oversight and Government Activities |
| 01/27/2010 | Impact statement from DPB (HB246) |
| 02/09/2010 | Subcommittee recommends continuing to 2011 |
| 02/12/2010 | Continued to 2011 in Appropriations |