Credit unions; board of directors compensation. (HB813)

Introduced By

Del. Jeion Ward (D-Hampton) with support from co-patron Del. Don Scott (D-Portsmouth)

Progress

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

Description

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. Read the Bill »

Status

02/20/2020: Passed the Senate

History

DateAction
01/07/2020Committee
01/07/2020Prefiled and ordered printed; offered 01/08/20 20103003D
01/07/2020Referred to Committee on Labor and Commerce
01/10/2020Impact statement from SCC (HB813)
01/23/2020House committee, floor amendments and substitutes offered
01/23/2020Reported from Labor and Commerce with substitute (17-Y 0-N) (see vote tally)
01/23/2020Committee substitute printed 20106517D-H1
01/27/2020Read first time
01/28/2020Read second time
01/28/2020Committee substitute agreed to 20106517D-H1
01/28/2020Engrossed by House - committee substitute HB813H1
01/29/2020Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/29/2020VOTE: (98-Y 0-N) (see vote tally)
01/30/2020Impact statement from SCC (HB813H1)
01/30/2020Constitutional reading dispensed
01/30/2020Referred to Committee on Commerce and Labor
02/17/2020Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
02/19/2020Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/20/2020Read third time
02/20/2020Passed Senate (40-Y 0-N) (see vote tally)
02/25/2020Enrolled
02/25/2020Bill text as passed House and Senate (HB813ER)
02/26/2020Impact statement from SCC (HB813ER)

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