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2020 SESSION

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HB 435 Virginia Security for Public Deposits Act; collateral for public deposits.

Introduced by: Steve E. Heretick | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Security for Public Deposits Act; collateral for public deposits. Specifies that required collateral of a qualified public depository must be deposited with a qualified escrow agent within two business days of accepting public deposits. Current law requires deposits to be collateralized at the time of deposit.

FULL TEXT

• 01/03/20  House: Prefiled and ordered printed; offered 01/08/20 20102583D  pdf | impact statement

HISTORY

• 01/03/20  House: Prefiled and ordered printed; offered 01/08/20 20102583D
• 01/03/20  House: Referred to Committee on General Laws
• 01/15/20  House: Assigned GL sub: Professions/Occupations and Adminstrative Process
• 02/06/20  House: Subcommittee recommends continuing to 2021 by voice vote
• 02/06/20  House: Continued to 2021 in General Laws by voice vote