VA HB1205 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 10 2024 - 25% progression, died in chamber
Action: 2024-02-01 - Failed to report (defeated) in Labor and Commerce (9-Y 13-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 10 2024 - 25% progression, died in chamber
Action: 2024-02-01 - Failed to report (defeated) in Labor and Commerce (9-Y 13-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Public deposits; credit unions. Authorizes credit unions to hold public deposits and become qualified public depositories. The bill provides that the Commonwealth and counties, cities, towns, and other political subdivisions of the Commonwealth may become members of a credit union for the purposes of placing deposits in and receiving services from the credit union. The bill directs the Treasury Board to designate a rating service to evaluate the creditworthiness of any credit union seeking to become a qualified public depository within 180 days of enactment. The bill also requires the Treasury Board to promulgate emergency regulations to implement the provisions of the bill.
Title
Public deposits; credit unions.
Sponsors
Roll Calls
2024-02-01 - House - House: Failed to report (defeated) in Labor and Commerce (9-Y 13-N) (Y: 9 N: 13 NV: 0 Abs: 0) [FAIL]
History
Date | Chamber | Action |
---|---|---|
2024-02-01 | House | Failed to report (defeated) in Labor and Commerce (9-Y 13-N) |
2024-01-10 | House | Referred to Committee on Labor and Commerce |
2024-01-10 | House | Prefiled and ordered printed; offered 01/10/24 24104923D |
Subjects
Administration of Government
Counties Cities and Towns
Credit Cards Credit Services and Credit Unions
Financial Institutions and Services
Counties Cities and Towns
Credit Cards Credit Services and Credit Unions
Financial Institutions and Services
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
2 | 2 | 1802 | (n/a) | See Bill Text |
2 | 2 | 1803 | (n/a) | See Bill Text |
2 | 2 | 1810 | (n/a) | See Bill Text |
2 | 2 | 1813 | (n/a) | See Bill Text |
2 | 2 | 1814 | (n/a) | See Bill Text |
2 | 2 | 1816 | (n/a) | See Bill Text |
2 | 2 | 1818 | (n/a) | See Bill Text |
2 | 2 | 4401 | (n/a) | See Bill Text |
2 | 2 | 4405 | (n/a) | See Bill Text |
58 | 1 | 3149 | (n/a) | See Bill Text |
6 | 2 | 1302 | (n/a) | See Bill Text |
6 | 2 | 1327 | (n/a) | See Bill Text |