Bill Summary
HB 721 Public Deposits (2020 Session)
Public Deposits: Prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements; requires return of public deposits in credit unions under certain circumstances; authorizes CFO to limit amount of public deposits in credit unions; provides procedures for suspension or disqualification of credit unions; authorizes credit unions to be reinstated as qualified public depositories; requires credit unions that are designated as qualified public depositories to guarantee depositors against loss. Effective Date: July 1, 2020
11/20/19
HOUSE
Filed
12/03/19
HOUSE
Referred to Insurance & Banking Subcommittee; Government Operations & Technology Appropriations Subcommittee; Commerce Committee
12/03/19
HOUSE
Now in Insurance & Banking Subcommittee
03/14/20
HOUSE
Indefinitely postponed and withdrawn from consideration
03/14/20
HOUSE
Died in Insurance and Banking Subcommittee
No amendments to this bill text filed.
280.02
280.03
280.042
280.05
280.052
280.053
280.055
280.07
280.08
280.085
280.09
280.1
280.13
280.17
136.01
175.301
185.3
631.221
17.57
17.68
24.114
125.901
159.608
175.401
185.5
190.007
191.006
215.34
218.415
255.502
331.309
373.553
723.06115
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