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IntroducedFeb 21, 2023
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Passed House
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Passed Senate
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Signed into Law
Public Deposits; Provides requirements for credit unions that are qualified public depositories; provides that public deposits in credit unions by specified trust departments or trust companies are exempt from certain requirements & protection; prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements under certain circumstances; prohibits credit unions from being designated as qualified public depositories if CFO withdraws from collateral agreements; requires specified credit unions to return all public deposits in credit unions within specified timeframe; authorizes CFO to limit amount of public deposits in credit unions for specified purpose; provides requirements for suspension or disqualification of credit unions as qualified public depositories; authorizes CFO to issue cease & desist order & corrective order to credit unions upon certain determinations.
Last Action See all actions
House • Mar 15, 2023: Now in State Administration & Technology Appropriations Subcommittee
Latest Bill Text See all bill texts
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Official Summary/Bill Text
Comments on HB 987
Tweets
Whip Lists
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Votes
Actions
- Mar 15, 2023 | House
- Reported out of Insurance & Banking Subcommittee
- Now in State Administration & Technology Appropriations Subcommittee
- Mar 14, 2023 | House
- Favorable by Insurance & Banking Subcommittee
- Mar 10, 2023 | House
- Added to Insurance & Banking Subcommittee agenda
- Mar 07, 2023 | House
- 1st Reading (Original Filed Version)
- Feb 28, 2023 | House
- Referred to Insurance & Banking Subcommittee
- Referred to State Administration & Technology Appropriations Subcommittee
- Referred to Commerce Committee
- Now in Insurance & Banking Subcommittee
- Feb 21, 2023 | House
- Filed
Bill Texts