Investment of public funds; removes requirement that public funds must be invested in certificates. (HB284)
Introduced By
Del. Don Merricks (R-Danville)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Investment of public funds; deposits. Removes the requirement that public funds must be invested in certificates of deposit. The funds must still be deposited with a federally insured bank or savings institution qualified by the Virginia Treasury Board and the full amount of principal and interest must be covered by federal deposit insurance. View Full Text »
Outcome
Bill Has Passed
View Bill's History
