State depositories; exempt deposits. (HB1613)

Introduced By

Del. Tim Hugo (R-Centreville)

Progress

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

Description

State depositories; exempt deposits. Provides that the Virginia Security for Public Deposits Act does not apply to deposits made by any public depositor in out-of-state financial institutions related to escrow or trust agreements or custody agreements, other than master custody agreements. The bill further provides that such deposits do not have to be made in a qualified public depository. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/06/2013Committee
01/06/2013Prefiled and ordered printed; offered 01/09/13 13103342D
01/06/2013Referred to Committee on Commerce and Labor
01/17/2013Tabled in Commerce and Labor