Security of Public Deposits Act; eligible collateral & amends definition of public depository. (SB398)
Introduced By
Sen. Phil Puckett (D-Tazewell) with support from co-patron Sen. Roscoe Reynolds (D-Martinsville)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Security of Public Deposits Act; qualified public depository; eligible collateral. Includes as eligible collateral Federal Home Loan Bank letters-of-credit that adhere to the guidelines as promulgated by the Treasury Board. The bill also amends the definition of qualified public depository to include banks or savings institutions that are organized under the laws of another state but have branches in Virginia. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/08/2008 | Prefiled and ordered printed; offered 01/09/08 084544300 |
01/08/2008 | Prefiled and ordered printed with emergency clause; offered 01/10/07 084544300 |
01/08/2008 | Referred to Committee on Finance |
01/16/2008 | Rereferred from Fin. (15-Y 0-N) (see vote tally) |
01/16/2008 | Rereferred to Commerce and Labor |
01/18/2008 | Impact statement from DPB (SB398) |
01/21/2008 | Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally) |
01/21/2008 | Committee substitute printed 080143300-S1 |
01/23/2008 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/24/2008 | Read second time |
01/24/2008 | Reading of substitute waived |
01/24/2008 | Committee substitute agreed to 080143300-S1 |
01/24/2008 | Engrossed by Senate - committee substitute SB398S1 |
01/25/2008 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
01/25/2008 | Communicated to House |
01/30/2008 | Placed on Calendar |
01/30/2008 | Read first time |
01/30/2008 | Referred to Committee on Commerce and Labor |
01/31/2008 | Impact statement from DPB (SB398S1) |
02/05/2008 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
02/07/2008 | Read second time |
02/08/2008 | Read third time |
02/08/2008 | Passed House BLOCK VOTE (98-Y 0-N) |
02/08/2008 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/12/2008 | Enrolled |
02/12/2008 | Bill text as passed Senate and House (SB398ER) |
02/12/2008 | Signed by Speaker |
02/13/2008 | Enrolled |
02/13/2008 | Signed by President |
02/15/2008 | Impact statement from DPB (SB398ER) |
02/19/2008 | G Approved by Governor-Chapter 7 (effective 2/19/08) |
02/20/2008 | G Acts of Assembly Chapter text (CHAP0007) |