CS/SB 1670: Security for Public Deposits
GENERAL BILL by Banking and Insurance ; Constantine
Security for Public Deposits; revises general provisions re collateral for public deposits; prescribes requirements for Federal Reserve Bank agreements; specifies grounds for suspending or disqualifying qualified public depository; provides for deposit into Public Deposits Trust Fund of draw on letters of credit held as collateral; provides collateral requirements for letters of credit issued by Federal Home Loan Bank, etc. Amends Ch. 280; creates 280.071.
Effective Date: 10/01/2001 except as otherwise provided
Last Action: 5/3/2001 Senate - Placed on Special Order Calendar -SJ 00951; Read second time -SJ 01113; Amendment(s) failed -SJ 01113; Amendment(s) adopted -SJ 01113; House Bill substituted -SJ 01114; Laid on Table, Link/Iden/Sim/Compare passed, refer to HB 625 (Ch. 2001-230)
Bill Text: Web Page | PDF
Last Action: 5/3/2001 Senate - Placed on Special Order Calendar -SJ 00951; Read second time -SJ 01113; Amendment(s) failed -SJ 01113; Amendment(s) adopted -SJ 01113; House Bill substituted -SJ 01114; Laid on Table, Link/Iden/Sim/Compare passed, refer to HB 625 (Ch. 2001-230)
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 3/6/2001 Senate • Filed
3/16/2001 Senate • Introduced, referred to Banking and Insurance; Governmental Oversight and Productivity; Appropriations Subcommittee on General Government; Appropriations -SJ 00164
3/21/2001 Senate • On Committee agenda-- Banking and Insurance, 03/26/01, 3:00 pm, 110-S --Temporarily postponed
3/28/2001 Senate • On Committee agenda-- Banking and Insurance, 04/02/01, 2:00 pm, 110-S
4/2/2001 Senate • CS by Banking and Insurance; YEAS 13 NAYS 0 -SJ 00305; CS read first time on 04/04/01 -SJ 00307
4/4/2001 Senate • Now in Governmental Oversight and Productivity -SJ 00305
4/18/2001 Senate • On Committee agenda-- Governmental Oversight and Productivity, 04/23/01, 3:30 pm, 37-S
4/23/2001 Senate • Favorable with 3 amendment(s) by Governmental Oversight and Productivity; YEAS 7 NAYS 0 -SJ 00466
4/24/2001 Senate • Now in Appropriations Subcommittee on General Government -SJ 00466
4/30/2001 Senate • Withdrawn from Appropriations Subcommittee on General Government; Appropriations -SJ 00639; Placed on Calendar, on second reading
5/3/2001 Senate • Placed on Special Order Calendar -SJ 00951; Read second time -SJ 01113; Amendment(s) failed -SJ 01113; Amendment(s) adopted -SJ 01113; House Bill substituted -SJ 01114; Laid on Table, Link/Iden/Sim/Compare passed, refer to HB 625 (Ch. 2001-230)
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CS/SB 1670, Committee Substitute 1 (Current Bill Version) Posted 4/5/2001 at 2:37 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Post-Meeting) 4/2/2001 (pdf)
Governmental Oversight and Productivity (Post-Meeting) 4/18/2001 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 625 (e1) Bean Similar Last Action: 6/13/2001 Approved by Governor; Chapter No. 2001-230
Location:Committee Amendments (3)
Amendment Sponsor Filed Last Committee Action Format 744126 - Amendment
Governmental Oversight and Productivity 4/23/2001
8:05 PMWeb Page
PDF452212 - Amendment
Governmental Oversight and Productivity 4/23/2001
8:05 PMWeb Page
PDF255990 - Amendment
Governmental Oversight and Productivity 4/23/2001
8:06 PMWeb Page
PDFFloor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 220334 - Amendment
Constantine 5/2/2001
6:22 PMWeb Page
PDFCitations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 280.02 Definitions. 280.04 Collateral for public deposits; general provisions. 280.041 Collateral arrangements; agreements, provisions, and triggering events. 280.05 Powers and duties of the Treasurer. 280.051 Grounds for suspension or disqualification of a qualified public depository. 280.054 Administrative penalty in lieu of suspension or disqualification. 280.055 Cease and desist order; corrective order; administrative penalty. 280.07 Mutual responsibility. 280.071 280.08 Procedure for payment of losses. 280.09 Public Deposits Trust Fund. 280.10 Effect of merger or acquisition; change of name or address. 280.11 Withdrawal from public deposits program; return of pledged collateral. 280.13 Collateral eligible for pledge by banks and savings associations. 280.16 Requirements of qualified public depositories; confidentiality. -
SB 1670, Original Filed Version Posted 3/9/2001 at 1:38 AM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 280.02 Definitions. 280.04 Collateral for public deposits; general provisions. 280.041 Collateral arrangements; agreements, provisions, and triggering events. 280.05 Powers and duties of the Treasurer. 280.051 Grounds for suspension or disqualification of a qualified public depository. 280.054 Administrative penalty in lieu of suspension or disqualification. 280.055 Cease and desist order; corrective order; administrative penalty. 280.07 Mutual responsibility. 280.071 280.08 Procedure for payment of losses. 280.09 Public Deposits Trust Fund. 280.10 Effect of merger or acquisition; change of name or address. 280.11 Withdrawal from public deposits program; return of pledged collateral. 280.13 Collateral eligible for pledge by banks and savings associations. 280.16 Requirements of qualified public depositories; confidentiality.