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2000 SESSION

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HB 457 Security for Public Deposits Act; exemption for certain deposits.

Introduced by: Eric I. Cantor | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Security for Public Deposits Act; exemption for certain deposits. Provides that the Virginia Security for Public Deposits Act shall not apply to deposits made by the State Treasurer in out-of-state financial institutions related to master custody and tri-party repurchase agreements, provided (i) such deposits do not exceed 10 percent of average monthly investment balances and (ii) the out-of-state financial institutions used for this purpose have a short-term deposit rating of not less than A-1 by Standard & Poor's Rating Service or P-1 by Moody's Investors Service, Inc., respectively. This bill is identical to SB 239.

FULL TEXT

• 01/17/00  House: Presented & ordered printed 005388208  pdf
• 03/06/00  House: Bill text as passed House and Senate (HB457ER)  pdf
• 04/10/00  Governor: Acts of Assembly Chapter text (CHAP0352)  pdf

HISTORY

• 01/17/00  House: Presented & ordered printed 005388208
• 01/17/00  House: Referred to Committee on Appropriations
• 01/31/00  House: Reported from Appropriations (28-Y 0-N)
• 02/02/00  House: Read first time
• 02/03/00  House: Read second time and engrossed
• 02/04/00  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/04/00  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/04/00  House: Communicated to Senate
• 02/07/00  Senate: Constitutional reading dispensed
• 02/07/00  Senate: Referred to Committee on Finance
• 02/22/00  Senate: Reported from Finance (15-Y 0-N)
• 02/23/00  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
• 02/23/00  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/24/00  Senate: Read third time
• 02/24/00  Senate: Passed Senate (39-Y 0-N)
• 02/24/00  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 03/06/00  House: Bill text as passed House and Senate (HB457ER)
• 03/09/00  House: Enrolled
• 03/09/00  House: Signed by Speaker
• 03/10/00  Senate: Signed by President
• 04/03/00  Governor: Approved by Governor-Chapter 352 (effective 7/1/00)
• 04/10/00  Governor: Acts of Assembly Chapter text (CHAP0352)