Security for Public Deposits Act; establish guidleines to permit banks to withdraw from procedures. (HB1761)

Introduced By

Del. Terry Kilgore (R-Gate City)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Security for Public Deposits Act; assessment by the Treasury Board. Provides that no qualified public depository, other than the defaulting depository, that has deposited eligible collateral in an amount equal to or greater than 100 percent of such depository's actual public deposits not otherwise covered by federal deposit insurance shall be assessed by the Treasury Board. Read the Bill »


Bill Has Passed


01/08/2009Prefiled and ordered printed; offered 01/14/09 098191588
01/08/2009Referred to Committee on General Laws
01/14/2009Assigned GL sub: Professional/Occupational/Adminstrative Process
01/15/2009Impact statement from DPB (HB1761)
01/20/2009Referred from General Laws
01/20/2009Referred to Committee on Commerce and Labor
01/29/2009Reported from Commerce and Labor with substitute (22-Y 0-N) (see vote tally)
01/29/2009Committee substitute printed 091804588-H1
02/02/2009Read first time
02/03/2009Read second time
02/03/2009Committee substitute agreed to 091804588-H1
02/03/2009Engrossed by House - committee substitute HB1761H1
02/04/2009Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/04/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/05/2009Constitutional reading dispensed
02/05/2009Referred to Committee on General Laws and Technology
02/06/2009Impact statement from DPB (HB1761H1)
02/11/2009Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
02/13/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/16/2009Read third time
02/16/2009Passed Senate (40-Y 0-N) (see vote tally)
02/18/2009Bill text as passed House and Senate (HB1761ER)
02/18/2009Signed by Speaker
02/18/2009Signed by President
02/25/2009G Approved by Governor-Chapter 64 (effective 7/1/09)
02/25/2009G Acts of Assembly Chapter text (CHAP0064)
03/03/2009Impact statement from DPB (HB1761ER)