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Glossary of Legislative Terms

HB 625: Security for Public Deposits

GENERAL BILL by Bean ; (CO-INTRODUCERS) Kendrick

Security for Public Deposits; revises provisions requiring collateral for public deposits; prohibits qualified public depository from acting as its own custodian; authorizes custodian to withdraw as custodian under certain circumstances; clarifies grounds for suspension or disqualification of qualified public depository; provides for deposit of draws on letters of credit into Public Deposits Trust Fund, etc. Amends Ch. 280; creates 280.071.

Effective Date: 10/01/2001 except as otherwise provided
 Last Action: 6/13/2001 - Approved by Governor; Chapter No. 2001-230
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/21/2001 House • Prefiled
    3/2/2001 House • Referred to State Administration (SGC); Banking (CCC); Council for Smarter Government
    3/6/2001 House • Introduced, referred to State Administration (SGC); Banking (CCC); Council for Smarter Government -HJ 00054
    3/27/2001 House • On Committee agenda-- State Administration (SGC), 03/29/01, 9:30 am, 306-H
    3/29/2001 House • Favorable with 1 amendment(s) by State Administration (SGC); YEAS 5 NAYS 0 -HJ 00414
    3/30/2001 House • Now in Banking (CCC) -HJ 00414
    4/2/2001 House • On Committee agenda-- Banking (CCC), 04/04/01, 10:15 am, 214-C
    4/4/2001 House • Favorable by Banking (CCC); YEAS 7 NAYS 0 -HJ 00505
    4/5/2001 House • Now in Council for Smarter Government -HJ 00505
    4/16/2001 House • On Council agenda-- Council for Smarter Government, 04/18/01, 1:00 pm, Morris Hall
    4/18/2001 House • Favorable by- Council for Smarter Government; YEAS 11 NAYS 0 -HJ 00659
    4/24/2001 House • Placed on Calendar, on second reading -HJ 00659
    4/26/2001 House • Placed on Special Order Calendar; Retained on Calendar
    4/27/2001 House • Placed on Special Order Calendar; Read second time -HJ 01319; Amendment(s) adopted -HJ 01319
    5/1/2001 House • Read third time -HJ 01518; Passed as amended; YEAS 115 NAYS 0 -HJ 01519
    5/1/2001 Senate • In Messages
    5/2/2001 Senate • Received, referred to Banking and Insurance; Governmental Oversight and Productivity; Appropriations Subcommittee on General Government; Appropriations -SJ 00956
    5/3/2001 Senate • Withdrawn from Banking and Insurance; Governmental Oversight and Productivity; Appropriations Subcommittee on General Government; Appropriations -SJ 01113; Substituted for CS/SB 1670 -SJ 01114; Read second time -SJ 01114
    5/4/2001 Senate • Read third time -SJ 01514; Passed; YEAS 38 NAYS 0 -SJ 01514
    5/4/2001 House • Ordered enrolled -HJ 02593
    5/30/2001 • Signed by Officers and presented to Governor
    6/13/2001 • Approved by Governor; Chapter No. 2001-230

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  • HB 625, Enrolled (Current Bill Version) Posted 5/5/2001 at 5:25 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 1670 (c1) Security for Public Deposits Constantine Similar Last Action: 5/3/2001 S 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)
    Location:

    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.

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  • HB 625, Engrossed 1 Posted 4/28/2001 at 3:04 PM

    Bill Text:   Web Page | PDF
    Analyses:   State Administration (Post-Meeting) 6/15/2001 (pdf)

    Floor Votes (2)

    Date Chamber Result
    5/1/2001 5:48 PM House 115 Yeas - 0 Nays
    5/4/2001 3:06 PM Senate 38 Yeas - 0 Nays

    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.

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  • HB 625, Original Filed Version Posted 2/22/2001 at 12:36 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking (Post-Meeting) 4/2/2001 (pdf)
    Banking (Post-Meeting) 4/4/2001 (pdf)
    State Administration (Post-Meeting) 3/5/2001 (pdf)
    State Administration (Post-Meeting) 3/29/2001 (pdf)
    Council for Smarter Government (Post-Meeting) 4/18/2001 (pdf)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    320171 - Amendment
    		State Administration 3/30/2001
    8:52 AM     		Web Page
    PDF

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    hierarchy 365821 - Amendment to Amendment (320171)
    		Bean 4/24/2001
    5:37 PM     		Web Page
    PDF

    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.

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