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The Florida Senate

SB 1360: Public Deposits

GENERAL BILL by Ingoglia

Public Deposits; Adding credit unions to a list of financial institutions that are eligible to be qualified public depositories; authorizing the Chief Financial Officer to limit the amount of public deposits a credit union may hold; specifying the losses against which certain solvent banks, savings banks, savings associations, and credit unions must guarantee public depositors; requiring the Chief Financial Officer to segregate and separately account for proceeds, assessments, and administrative penalties attributable to a credit union from those attributable to other specified financial institutions, etc.

Effective Date: 7/1/2023
Last Action: 5/5/2023 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    3/1/2023 Senate • Filed
    3/6/2023 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
    3/7/2023 Senate • Introduced
    5/5/2023 Senate • Died in Banking and Insurance

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  • SB 1360, Original Filed Version (Current Bill Version) Posted 3/1/2023 at 1:38 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 987 Public Deposits Botana Identical Last Action: 5/5/2023 H Died on Second Reading Calendar

    Citations - Statutes (33)

    Citation Catchline Location in Bill Location In Bill Help
    17.57 Deposits and investments of state money. Page 17 (pdf)
    17.68 Financial Literacy Program for Individuals with Developmental Disabilities. Page 3 (pdf)
    24.114 Bank deposits and control of lottery transactions. Page 18 (pdf)
    125.901 Children’s services; independent special district; council; powers, duties, and functions; public records exemption. Page 18 (pdf)
    136.01 County depositories. Page 19 (pdf)
    159.608 Powers of housing finance authorities. Page 20 (pdf)
    175.301 Depository for pension funds. Page 21 (pdf)
    175.401 Retiree health insurance subsidy. Page 22 (pdf)
    185.30 Depository for retirement fund. Page 23 (pdf)
    185.50 Retiree health insurance subsidy. Page 23 (pdf)
    190.007 Board of supervisors; general duties. Page 24 (pdf)
    191.006 General powers. Page 25 (pdf)
    215.34 State funds; noncollectible items; procedure. Page 25 (pdf)
    218.415 Local government investment policies. Page 26 (pdf)
    255.502 Definitions; ss. 255.501-255.525. Page 28 (pdf)
    280.02 Definitions. Page 3 (pdf)
    280.03 Public deposits to be secured; prohibitions; exemptions. Page 6 (pdf)
    280.042 Page 6 (pdf)
    280.05 Powers and duties of the Chief Financial Officer. Page 7 (pdf)
    280.052 Order of suspension or disqualification; procedure. Page 8 (pdf)
    280.053 Period of suspension or disqualification; obligations during period; reinstatement. Page 8 (pdf)
    280.055 Cease and desist order; corrective order; administrative penalty. Page 9 (pdf)
    280.07 Mutual responsibility and contingent liability. Page 10 (pdf)
    280.08 Procedure for payment of losses. Page 11 (pdf)
    280.085 Notice to claimants. Page 12 (pdf)
    280.09 Public Deposits Trust Fund. Page 12 (pdf)
    280.10 Effect of merger, acquisition, or consolidation; change of name or address. Page 14 (pdf)
    280.13 Eligible collateral. Page 15 (pdf)
    280.17 Requirements for public depositors; notice to public depositors and governmental units; loss of protection. Page 16 (pdf)
    331.309 Treasurer; depositories; fiscal agent. Page 28 (pdf)
    373.553 Treasurer of the board; payment of funds; depositories. Page 29 (pdf)
    631.221 Deposit of moneys collected. Page 30 (pdf)
    723.06115 Florida Mobile Home Relocation Trust Fund. Page 30 (pdf)

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