HB 987: Public Deposits
GENERAL BILL by Botana
Public Deposits; Provides requirements for credit unions that are qualified public depositories; provides that public deposits in credit unions by specified trust departments or trust companies are exempt from certain requirements & protection; prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements under certain circumstances; prohibits credit unions from being designated as qualified public depositories if CFO withdraws from collateral agreements; requires specified credit unions to return all public deposits in credit unions within specified timeframe; authorizes CFO to limit amount of public deposits in credit unions for specified purpose; provides requirements for suspension or disqualification of credit unions as qualified public depositories; authorizes CFO to issue cease & desist order & corrective order to credit unions upon certain determinations.
Last Action: 5/5/2023 House - Died on Second Reading Calendar
Bill Text: PDF
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Bill History
Date Chamber Action 2/21/2023 House • Filed
2/28/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/7/2023 House • 1st Reading (Original Filed Version)
3/10/2023 House • Added to Insurance & Banking Subcommittee agenda
3/14/2023 House • Favorable by Insurance & Banking Subcommittee
3/15/2023 House • Reported out of Insurance & Banking Subcommittee
• Now in State Administration & Technology Appropriations Subcommittee
4/10/2023 House • Added to State Administration & Technology Appropriations Subcommittee agenda
4/12/2023 House • Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
4/13/2023 House • Added to Commerce Committee agenda
4/18/2023 House • Favorable by Commerce Committee
• Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
5/5/2023 House • Died on Second Reading Calendar
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HB 987, Original Filed Version (Current Bill Version) Posted 2/21/2023 at 2:09 PM
Bill Text: PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1360 Public Deposits Ingoglia Identical Last Action: 5/5/2023 S Died in Banking and Insurance 
Citations - Statutes (33)
Citation Catchline Location in Bill Location In Bill Help 17.57 Deposits and investments of state money. Page 21 (pdf) 17.68 Financial Literacy Program for Individuals with Developmental Disabilities. Page 4 (pdf) 24.114 Bank deposits and control of lottery transactions. Page 21 (pdf) 125.901 Children’s services; independent special district; council; powers, duties, and functions; public records exemption. Page 22 (pdf) 136.01 County depositories. Page 23 (pdf) 159.608 Powers of housing finance authorities. Page 24 (pdf) 175.301 Depository for pension funds. Page 25 (pdf) 175.401 Retiree health insurance subsidy. Page 26 (pdf) 185.30 Depository for retirement fund. Page 27 (pdf) 185.50 Retiree health insurance subsidy. Page 28 (pdf) 190.007 Board of supervisors; general duties. Page 29 (pdf) 191.006 General powers. Page 29 (pdf) 215.34 State funds; noncollectible items; procedure. Page 30 (pdf) 218.415 Local government investment policies. Page 31 (pdf) 255.502 Definitions; ss. 255.501-255.525. Page 33 (pdf) 280.02 Definitions. Page 5 (pdf) 280.03 Public deposits to be secured; prohibitions; exemptions. Page 7 (pdf) 280.042 Page 8 (pdf) 280.05 Powers and duties of the Chief Financial Officer. Page 9 (pdf) 280.052 Order of suspension or disqualification; procedure. Page 10 (pdf) 280.053 Period of suspension or disqualification; obligations during period; reinstatement. Page 10 (pdf) 280.055 Cease and desist order; corrective order; administrative penalty. Page 11 (pdf) 280.07 Mutual responsibility and contingent liability. Page 12 (pdf) 280.08 Procedure for payment of losses. Page 13 (pdf) 280.085 Notice to claimants. Page 15 (pdf) 280.09 Public Deposits Trust Fund. Page 15 (pdf) 280.10 Effect of merger, acquisition, or consolidation; change of name or address. Page 17 (pdf) 280.13 Eligible collateral. Page 18 (pdf) 280.17 Requirements for public depositors; notice to public depositors and governmental units; loss of protection. Page 20 (pdf) 331.309 Treasurer; depositories; fiscal agent. Page 34 (pdf) 373.553 Treasurer of the board; payment of funds; depositories. Page 35 (pdf) 631.221 Deposit of moneys collected. Page 35 (pdf) 723.06115 Florida Mobile Home Relocation Trust Fund. Page 36 (pdf)