- District 22
Public Deposits; Prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; prohibits credit unions from being designated as qualified public depositories if CFO withdraws from collateral agreements; requires return of all public deposits in credit union within specified timeframe under certain circumstances; authorizes CFO to limit amount of public deposits in credit unions; revises losses for which CFO may sell securities to protect public deposits; authorizes CFO to issue cease & desist order & corrective order to credit unions upon certain determination; specifies losses against which certain solvent banks, savings banks, savings associations, & credit unions must guarantee public depositors; revises duties & responsibilities of qualified public depositories as result of specified mergers, acquisitions, or consolidations.
Died in State Administration & Technology Appropriations Subcommittee
Indefinitely postponed and withdrawn from consideration
Favorable by Insurance & Banking Subcommittee
Now in State Administration & Technology Appropriations Subcommittee
Reported out of Insurance & Banking Subcommittee
Added to Insurance & Banking Subcommittee agenda
Now in Insurance & Banking Subcommittee
Referred to Commerce Committee
Referred to State Administration & Technology Appropriations Subcommittee
Referred to Insurance & Banking Subcommittee
1st Reading (Original Filed Version)
|Bill Text Versions||Format|
|H 1559 Filed|
|Bill Analysis -- Insurance and Banking Subcommittee (Post-Meeting) (2/16/2022 4:14 PM)|
Data on Open States is updated periodically throughout the day from the official website of the Florida Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.