VA SB456 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 12 2010 - 100% progression
Action: 2010-04-12 - Governor: Acts of Assembly Chapter text (CHAP0674)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 12 2010 - 100% progression
Action: 2010-04-12 - Governor: Acts of Assembly Chapter text (CHAP0674)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Security for Public Deposits Act. Establishes requirements for banks and savings institutions authorized by the Treasury Board to hold public deposits under the Virginia Security for Public Deposits Act. Qualified public depositories are required to secure deposits either by the pooled method or the dedicated method, and to deposit with a qualified escrow agent eligible collateral that equals or exceeds the required collateral. The measure establishes the procedure for the Treasury Board to recover funds to reimburse public depositors for uninsured public deposits when a qualified public depository is determined to be in default or insolvent. The measure also clarifies that public deposits secured under the Act shall be deposited in a qualified public depository, makes terminology consistent, and clarifies reporting requirements.
Title
Security for Public Deposits Act; makes several amendments to Act, administered by Treasury Board.
Sponsors
Roll Calls
2010-02-26 - House - House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) (Y: 97 N: 0 NV: 4 Abs: 0) [PASS]
2010-02-23 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-27 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-22 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2010-01-20 - Senate - Senate: Reported from General Laws and Technology (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-23 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-27 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-22 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2010-01-20 - Senate - Senate: Reported from General Laws and Technology (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-04-12 | Governor: Acts of Assembly Chapter text (CHAP0674) | |
| 2010-04-12 | Governor: Approved by Governor-Chapter 674 (effective 7/1/10) | |
| 2010-03-08 | Senate: Signed by President | |
| 2010-03-05 | House: Signed by Speaker | |
| 2010-03-05 | Senate: Bill text as passed Senate and House (SB456ER) | |
| 2010-03-05 | Senate: Enrolled | |
| 2010-02-26 | House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) | |
| 2010-02-26 | House: Passed House BLOCK VOTE (96-Y 0-N) | |
| 2010-02-26 | House: Read third time | |
| 2010-02-25 | House: Read second time | |
| 2010-02-23 | House: Reported from Commerce and Labor (22-Y 0-N) | |
| 2010-02-08 | House: Referred to Committee on Commerce and Labor | |
| 2010-02-08 | House: Read first time | |
| 2010-02-08 | House: Placed on Calendar | |
| 2010-01-27 | Senate: Read third time and passed Senate (40-Y 0-N) | |
| 2010-01-26 | Senate: Passed by for the day | |
| 2010-01-25 | Senate: Read second time and engrossed | |
| 2010-01-22 | Senate: Constitutional reading dispensed (39-Y 0-N) | |
| 2010-01-20 | Senate: Reported from General Laws and Technology (15-Y 0-N) | |
| 2010-01-13 | Senate: Referred to Committee on General Laws and Technology | |
| 2010-01-13 | Senate: Prefiled and ordered printed; offered 01/13/10 10103653D |
