Bill Summary
SB 1318 Public Deposits (2022 Session)
Public Deposits; Providing requirements for credit unions that are qualified public depositories; providing that public deposits in credit unions by specified trust departments or trust companies are exempt from certain requirements and protection; prohibiting the Chief Financial Officer from designating credit unions as qualified public depositories unless certain requirements are met; revising the losses for which the Chief Financial Officer may sell securities to protect the integrity of the public deposits program; authorizing credit unions to be reinstated, or to reapply for qualification, as qualified public depositories under specified circumstances; authorizing the Chief Financial Officer to issue a cease and desist order and a corrective order to credit unions upon certain determinations, etc. Effective Date: 7/1/2022
12/20/21
SENATE
Filed
01/12/22
SENATE
Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations
03/12/22
SENATE
Indefinitely postponed and withdrawn from consideration
03/14/22
SENATE
Died in Banking and Insurance
No amendments to this bill text filed.
17.57
17.68
24.114
125.901
136.01
159.608
175.301
175.401
185.3
185.5
190.007
191.006
215.34
218.415
255.502
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
331.309
373.553
631.221
723.06115
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