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2009 SESSION
HB 2583 Local government investment pool; limitations.
Introduced by: Donald W. Merricks | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Local government investment pool; limitations. Provides that no less than 10 percent of local government investment pool assets shall be invested in time, savings, or demand deposits at financial institutions qualified to accept public deposits under the Virginia Security for Public Deposits Act. The provisions of the bill will not become effective unless reenacted by the 2010 Session of the General Assembly.
SUMMARY AS INTRODUCED:
Local government investment pool; limitations. Provides that no less than 10 percent of local government investment pool assets shall be invested in time, savings, or demand deposits at financial institutions qualified to accept public deposits under the Virginia Security for Public Deposits Act.