CS/HB 611 -  Public Deposits

General Bill by State Administration & Technology Appropriations Subcommittee and Botana (CO-SPONSORS) Redondo; Rizo
Public Deposits: Adds credit unions to list of financial institutions eligible to be qualified public depositories; provides applicability of qualified public depository provisions to credit unions; requires CFO to withdraw from collateral agreement with credit union; specifies requirement for & restriction on credit union that is party to withdrawn collateral agreement; provides limits on public deposits held by credit unions; specifies losses against which certain solvent banks, savings banks, savings associations, & credit unions must guarantee public depositors; requires CFO to segregate & separately account for proceeds, assessments, & administrative penalties attributable to credit union from those attributable to other specified financial institutions; revises condition for payment of losses to public depositors; provides that specified limit on securities eligible to be pledged as collateral apply to qualified public depositories, rather than to banks & savings associations.
Effective Date: July 1, 2024
Last Event: 03/08/24 S Died in Fiscal Policy on Friday, March 8, 2024 2:25 PM

Referred Committees and Committee Actions

House Referrals

Senate Referrals

  • Fiscal Policy

Related Bills

Bill # Subject Relationship
Bill #: SB 1018 Subject: Public Deposits Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Commerce Committee 2/23/2024 8:17:39 AM
Chamber: House Committee: Commerce Committee 2/20/2024 7:40:01 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/14/2024 10:05:59 AM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/9/2024 5:52:34 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/12/2024 8:12:57 AM
Chamber: House Committee: Insurance & Banking Subcommittee 1/9/2024 4:43:45 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 02/29/2024 04:34 PM   Yeas: 76 Nays: 36 Action: Action 2: Passage Vote Detail: Vote [Seq# 751] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Fiscal Policy Time: 03/08/2024 - 2:25 PM Member: Committee: Fiscal Policy Version: c1
Event: S Received Time: 03/01/2024 - 7:11 PM Member: Committee: Version: c1
Event: S Referred to Fiscal Policy Time: 03/01/2024 - 7:43 AM Member: Committee: Fiscal Policy Version: c1
Event: H Message sent to senate Time: 02/29/2024 - 7:21 PM Member: Committee: Version: c1
Event: S In Messages Time: 02/29/2024 - 7:15 PM Member: Committee: Version: c1
Event: H CS passed; YEAS 76, NAYS 36 Time: 02/29/2024 - 4:34 PM Member: Committee: Version: c1
Event: H Read 3rd time Time: 02/29/2024 - 4:27 PM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 02/29/2024 - 4:27 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 02/29/2024 - 4:26 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (2/29/2024) Time: 02/26/2024 - 7:07 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 02/23/2024 - 8:19 AM Member: Committee: Version: c1
Event: H Bill released to House Calendar Time: 02/23/2024 - 8:19 AM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 02/23/2024 - 8:19 AM Member: Committee: Commerce Committee Version: c1
Event: H Favorable by Commerce Committee Time: 02/22/2024 - 7:09 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 02/20/2024 - 4:24 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 02/14/2024 - 6:30 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to Commerce Committee Time: 02/14/2024 - 6:30 PM Member: Committee: Commerce Committee Version: c1
Event: H 1st Reading Time: 02/14/2024 - 4:47 PM Member: Committee: Version: c1
Event: H CS Filed Time: 02/13/2024 - 5:21 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 02/13/2024 - 5:21 PM Member: Committee: Version: __
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 02/13/2024 - 5:12 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Favorable with CS by State Administration & Technology Appropriations Subcommittee Time: 02/13/2024 - 1:54 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 02/09/2024 - 4:16 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 01/12/2024 - 8:13 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/12/2024 - 8:13 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable by Insurance & Banking Subcommittee Time: 01/11/2024 - 6:36 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/09/2024 - 11:31 PM Member: Committee: Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/09/2024 - 4:02 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 11/30/2023 - 4:26 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 11/30/2023 - 4:26 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 11/30/2023 - 4:26 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 11/30/2023 - 4:26 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 11/21/2023 - 9:40 AM Member: Botana Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
17.57 CS/CS/CS/HB 989, SB 1018
17.68 CS/CS/CS/HB 989, SB 1018
24.114 CS/CS/CS/HB 989, SB 1018
125.901 CS/CS/CS/HB 989, SB 1018
136.01 CS/CS/CS/HB 989, SB 1018
159.608 CS/CS/CS/HB 989, SB 1018, CS/SB 7054, HB 7069
175.301 CS/CS/CS/HB 989, SB 1018
175.401 CS/CS/CS/HB 989, SB 1018
185.30 CS/CS/CS/HB 989, SB 1018
185.50 CS/CS/CS/HB 989, SB 1018
190.007 CS/CS/CS/HB 989, SB 1018
191.006 CS/CS/CS/HB 989, SB 1018
215.34 CS/CS/CS/HB 989, SB 1018
218.415 CS/CS/CS/HB 989, SB 1018
255.502 CS/CS/CS/HB 989, SB 1018
280.02 CS/CS/CS/HB 989, SB 1018
280.025 CS/CS/CS/HB 989, SB 1018
280.03 CS/CS/CS/HB 989, SB 1018
280.042 CS/CS/CS/HB 989, SB 1018
280.05 CS/CS/CS/HB 989, SB 1018
280.051 CS/CS/HB 585, CS/CS/HB 939*, CS/CS/CS/HB 989, SB 1018, SB 1132
280.052 CS/CS/CS/HB 989, SB 1018
280.053 CS/CS/CS/HB 989, SB 1018
280.055 CS/CS/CS/HB 989, SB 1018
280.07 CS/CS/CS/HB 989, SB 1018
280.08 CS/CS/CS/HB 989, SB 1018
280.085 CS/CS/CS/HB 989, SB 1018
280.09 CS/CS/CS/HB 989, SB 1018
280.10 CS/CS/CS/HB 989, SB 1018
280.13 CS/CS/CS/HB 989, SB 1018
280.17 CS/CS/CS/HB 989, SB 1018
280.18 CS/CS/CS/HB 989, SB 1018
331.309 CS/CS/CS/HB 989, SB 1018
373.553 CS/CS/CS/HB 989, SB 1018
631.221 CS/CS/CS/HB 989, SB 1018
723.06115 CS/CS/CS/HB 989, SB 1018, HB 1257, CS/CS/HB 1335*, SB 1378, CS/CS/SB 1544*

(*) Not the latest version