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2021 SESSION
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
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
- 12/04/20 House: Left in General Laws