Virginia House Bill 1686 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on February 20 2013 - 100% progression
Action: 2013-02-20 - Governor: Acts of Assembly Chapter text (CHAP0016)
Text: Latest bill text (Chaptered) [HTML]

Credit unions; retained earnings. Increases the maximum amount of a credit union's funds that may be invested in its real estate, office buildings, equipment, and furnishings, without the prior written authorization of the Commissioner of Financial Institutions. The measure sets the maximum amount of such investments at five percent of the total of members' share accounts and retained earnings. Currently, the cap is five percent of only such share accounts. Finally, the measure defines "retained earnings" as undivided earnings, regular reserve, reserve for contingencies, supplemental reserves, reserves for losses, and other appropriations from undivided earnings as designated by management or the Bureau of Financial Institutions.

Credit unions; limit on authorized investments in certain property, retained earnings.

Del. Jackson Miller [R]

2013-02-06 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-05 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-04 - Senate - Senate: Reported from Commerce and Labor (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2013-01-21 - House - House: VOTE: BLOCK VOTE PASSAGE (87-Y 0-N) (Y: 89 N: 0 NV: 13 Abs: 0) [PASS]
2013-01-15 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2013-02-20		Governor: Acts of Assembly Chapter text (CHAP0016)
2013-02-20		Governor: Approved by Governor-Chapter 16 (effective 7/1/13)
2013-02-12	Senate	Signed by President
2013-02-11	House	Signed by Speaker
2013-02-11	House	Bill text as passed House and Senate (HB1686ER)
2013-02-11	House	Enrolled
2013-02-06	Senate	Passed Senate (40-Y 0-N)
2013-02-06	Senate	Read third time
2013-02-05	Senate	Constitutional reading dispensed (40-Y 0-N)
2013-02-04	Senate	Reported from Commerce and Labor (16-Y 0-N)
2013-01-22	Senate	Referred to Committee on Commerce and Labor
2013-01-22	Senate	Constitutional reading dispensed
2013-01-21	House	VOTE: BLOCK VOTE PASSAGE (87-Y 0-N)
2013-01-21	House	Read third time and passed House BLOCK VOTE (87-Y 0-N)
2013-01-18	House	Read second time and engrossed
2013-01-17	House	Read first time
2013-01-15	House	Reported from Commerce and Labor (22-Y 0-N)
2013-01-07	House	Referred to Committee on Commerce and Labor
2013-01-07	House	Prefiled and ordered printed; offered 01/09/13 13101233D

SB769 (Same As) 2013-03-05 - Governor: Acts of Assembly Chapter text (CHAP0092)

Chapter	Article	Section	Citation Type	Statute Text
6	2	1300	(n/a)	See Bill Text
6	2	1376	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?131+sum+HB1686
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1686+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1686ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+CHAP0016+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+H14V0027+HB1686
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+HV0105+HB1686
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+S02V0082+HB1686
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+SV0349HB1686+HB1686
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+SV0405HB1686+HB1686