Investment of public funds; removes requirement that public funds must be invested in certificates. (HB284)

Introduced By

Del. Don Merricks (R-Danville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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. Amends § 2.2-4518, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2010Committee
01/11/2010Prefiled and ordered printed; offered 01/13/10 10103669D
01/11/2010Referred to Committee on Appropriations
01/19/2010Assigned App. sub: Compensation and Retirement
01/19/2010Assigned App. sub: Technology Oversight and Government Activities
01/27/2010Impact statement from DPB (HB284)
02/02/2010Subcommittee recommends reporting (7-Y 0-N)
02/03/2010Reported from Appropriations (22-Y 0-N) (see vote tally)
02/08/2010Read first time
02/09/2010Read second time and engrossed
02/10/2010Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/10/2010VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/11/2010Constitutional reading dispensed
02/11/2010Referred to Committee on Finance
02/17/2010Reported from Finance (13-Y 0-N) (see vote tally)
02/18/2010Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/19/2010Read third time
02/19/2010Passed Senate (40-Y 0-N) (see vote tally)
02/22/2010Enrolled
02/22/2010Bill text as passed House and Senate (HB284ER)
02/23/2010Signed by Speaker
02/23/2010Signed by President
03/01/2010Impact statement from DPB (HB284ER)
03/04/2010G Approved by Governor-Chapter 33 (effective 7/1/10)
03/04/2010G Acts of Assembly Chapter text (CHAP0033)