HB 987 (2023) -  Public Deposits

General Bill by Botana
Public Deposits: Provides requirements for credit unions that are qualified public depositories; provides that public deposits in credit unions by specified trust departments or trust companies are exempt from certain requirements & protection; prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements under certain circumstances; prohibits credit unions from being designated as qualified public depositories if CFO withdraws from collateral agreements; requires specified credit unions to return all public deposits in credit unions within specified timeframe; authorizes CFO to limit amount of public deposits in credit unions for specified purpose; provides requirements for suspension or disqualification of credit unions as qualified public depositories; authorizes CFO to issue cease & desist order & corrective order to credit unions upon certain determinations.
Effective Date: July 1, 2023
Last Event: Died on Second Reading Calendar on Friday, May 5, 2023 11:00 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1360 Subject: Public Deposits Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Commerce Committee 4/18/2023 5:22:40 PM
Chamber: House Committee: Commerce Committee 4/15/2023 12:52:04 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 4/12/2023 6:17:59 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 4/10/2023 4:39:03 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/15/2023 12:42:52 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/12/2023 4:05:08 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died on Second Reading Calendar Time: 05/05/2023 - 11:00 AM Member: Committee: Version: __
Event: H Added to Second Reading Calendar Time: 04/18/2023 - 5:47 PM Member: Committee: Version: __
Event: H Bill released to House Calendar Time: 04/18/2023 - 5:47 PM Member: Committee: Version: __
Event: H Reported out of Commerce Committee Time: 04/18/2023 - 5:47 PM Member: Committee: Commerce Committee Version: __
Event: H Favorable by Commerce Committee Time: 04/18/2023 - 4:44 PM Member: Committee: Commerce Committee Version: __
Event: H Added to Commerce Committee agenda Time: 04/13/2023 - 4:21 PM Member: Committee: Commerce Committee Version: __
Event: H Now in Commerce Committee Time: 04/12/2023 - 6:19 PM Member: Committee: Commerce Committee Version: __
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 04/12/2023 - 6:19 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 04/12/2023 - 5:25 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 04/10/2023 - 4:10 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 03/15/2023 - 12:43 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/15/2023 - 12:43 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable by Insurance & Banking Subcommittee Time: 03/14/2023 - 7:52 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/10/2023 - 4:00 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/07/2023 - 10:01 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 02/28/2023 - 6:27 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 02/28/2023 - 6:27 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 02/28/2023 - 6:27 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 02/28/2023 - 6:27 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 02/21/2023 - 2:09 PM Member: Botana Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
17.57 CS/CS/HB 3, CS/SB 302, SB 1360
17.68 SB 1360
24.114 SB 1360
125.901 CS/CS/SB 698, CS/HB 731, SB 1360, CS/SB 7062, HB 7063
136.01 SB 1360
159.608 SB 1360
175.301 SB 1360
175.401 SB 1360
185.30 SB 1360
185.50 SB 1360
190.007 HB 241, SB 1360
191.006 SB 1360
215.34 SB 1360
218.415 CS/CS/HB 3, CS/SB 302, SB 1360
255.502 SB 1360
280.02 CS/CS/HB 3, CS/SB 302, SB 1360
280.03 SB 1360
280.042 SB 1360
280.05 CS/CS/HB 3, CS/SB 302, SB 1360
280.052 SB 1360
280.053 SB 1360
280.055 CS/CS/HB 3, CS/SB 302, SB 1360
280.07 SB 1360
280.08 SB 1360
280.085 SB 1360
280.09 SB 1360
280.10 SB 1360
280.13 SB 1360
280.17 SB 1360
331.309 SB 1360
373.553 SB 1360
631.221 SB 1360
723.06115 SB 1360