VA SB769 | 2013 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 5 2013 - 100% progression
Action: 2013-03-05 - Governor: Acts of Assembly Chapter text (CHAP0092)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 5 2013 - 100% progression
Action: 2013-03-05 - Governor: Acts of Assembly Chapter text (CHAP0092)
Text: Latest bill text (Chaptered) [HTML]
Summary
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.
Title
Credit unions; limit on authorized investments in certain property, retained earnings.
Sponsors
Roll Calls
2013-02-12 - House - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (Y: 102 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-07 - House - House: Reported from Commerce and Labor (20-Y 0-N) (Y: 21 N: 0 NV: 2 Abs: 0) [PASS]
2013-01-18 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2013-01-16 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-01-14 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-07 - House - House: Reported from Commerce and Labor (20-Y 0-N) (Y: 21 N: 0 NV: 2 Abs: 0) [PASS]
2013-01-18 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2013-01-16 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-01-14 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2013-03-05 | Governor: Acts of Assembly Chapter text (CHAP0092) | |
2013-03-05 | Governor: Approved by Governor-Chapter 92 (effective 7/1/13) | |
2013-02-18 | Senate | Signed by President |
2013-02-15 | House | Signed by Speaker |
2013-02-15 | Senate | Bill text as passed Senate and House (SB769ER) |
2013-02-15 | Senate | Enrolled |
2013-02-12 | House | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) |
2013-02-12 | House | Passed House BLOCK VOTE (100-Y 0-N) |
2013-02-12 | House | Read third time |
2013-02-11 | House | Read second time |
2013-02-07 | House | Reported from Commerce and Labor (20-Y 0-N) |
2013-01-25 | House | Referred to Committee on Commerce and Labor |
2013-01-25 | House | Read first time |
2013-01-25 | House | Placed on Calendar |
2013-01-18 | Senate | Read third time and passed Senate (38-Y 0-N) |
2013-01-17 | Senate | Read second time and engrossed |
2013-01-16 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2013-01-14 | Senate | Reported from Commerce and Labor (15-Y 0-N) |
2012-12-18 | Senate | Referred to Committee on Commerce and Labor |
2012-12-18 | Senate | Prefiled and ordered printed; offered 01/09/13 13101229D |
Same As/Similar To
HB1686 (Same As) 2013-02-20 - Governor: Acts of Assembly Chapter text (CHAP0016)