HB 987 -  Public Deposits

by Botana
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

Related Bills

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: __