HB 721: Public Deposits
GENERAL BILL by Roth
Public Deposits; Prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements; requires return of public deposits in credit unions under certain circumstances; authorizes CFO to limit amount of public deposits in credit unions; provides procedures for suspension or disqualification of credit unions; authorizes credit unions to be reinstated as qualified public depositories; requires credit unions that are designated as qualified public depositories to guarantee depositors against loss.
Effective Date: 7/1/2020
Last Action: 3/14/2020 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
Last Action: 3/14/2020 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/20/2019 | House |
• Filed |
| 12/3/2019 | House |
• Referred to Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee -HJ 58 |
| 1/14/2020 | House |
• Introduced -HJ 59 |
| 3/14/2020 | House |
• Indefinitely postponed and withdrawn from consideration • Died in Insurance and Banking Subcommittee |
