Virginia House Bill 1205 (Prior Session Legislation)

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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]

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.

Public deposits; credit unions.

Del. Alfonso Lopez [D]

Del. Nadarius Clark [D]

Del. Rozia Henson [D]

Del. Marty Martinez [D]

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]

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

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

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1205
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1205+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/24106755D.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB1205F122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+H14V0081+HB1205