Local government investment pool; limitations. (SB484)

Introduced By

Sen. Robert Hurt (R-Chatham)

Progress

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

Description

Local government investment pool.  Requires that no less than 10 percent of local government investment pool assets be invested in time, savings, or demand deposits at financial institutions qualified to accept public deposits under the Virginia Security for Public Deposits Act. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2010Prefiled and ordered printed; offered 01/13/10 10101873D
01/13/2010Referred to Committee on General Laws and Technology
01/27/2010Impact statement from DPB (SB484)
01/27/2010Continued to 2011 in General Laws and Technology (15-Y 0-N) (see vote tally)
12/02/2010Left in General Laws and Technology