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The Florida Senate

SB 1318: Public Deposits

GENERAL BILL by Hutson

Public Deposits; Providing requirements for credit unions that are qualified public depositories; providing that public deposits in credit unions by specified trust departments or trust companies are exempt from certain requirements and protection; prohibiting the Chief Financial Officer from designating credit unions as qualified public depositories unless certain requirements are met; revising the losses for which the Chief Financial Officer may sell securities to protect the integrity of the public deposits program; authorizing credit unions to be reinstated, or to reapply for qualification, as qualified public depositories under specified circumstances; authorizing the Chief Financial Officer to issue a cease and desist order and a corrective order to credit unions upon certain determinations, etc.

Effective Date: 7/1/2022
Last Action: 3/14/2022 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on Agriculture, Environment, and General Government (AEG)
  3. Appropriations (AP)



Bill History

Date Chamber Action
12/20/2021 Senate • Filed
1/12/2022 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations -SJ 119
1/18/2022 Senate • Introduced -SJ 119
3/12/2022 Senate • Indefinitely postponed and withdrawn from consideration
3/14/2022 Senate • Died in Banking and Insurance