HB 1559 (2022) -  Public Deposits

General Bill by Harding and Rizo
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.
Effective Date: July 1, 2022
Last Event: Died in State Administration & Technology Appropriations Subcommittee on Monday, March 14, 2022 1:03 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1318 Subject: Public Deposits Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Insurance & Banking Subcommittee 2/16/2022 4:13:39 PM
Chamber: House Committee: Insurance & Banking Subcommittee 2/14/2022 4:34:45 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in State Administration & Technology Appropriations Subcommittee Time: 03/14/2022 - 1:03 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/12/2022 - 12:00 AM Member: Committee: Version: __
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 02/16/2022 - 4:14 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 02/16/2022 - 4:14 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable by Insurance & Banking Subcommittee Time: 02/16/2022 - 1:44 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 02/14/2022 - 4:23 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/16/2022 - 1:50 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 01/16/2022 - 1:50 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 01/16/2022 - 1:50 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/16/2022 - 1:50 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: __
Event: H Filed Time: 01/11/2022 - 9:31 AM Member: Harding Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
17.57 SB 1318
17.68 SB 1318
24.114 SB 1318
125.901 CS/CS/HB 777, CS/CS/SB 1194, SB 1318
136.01 SB 1318
159.608 SB 1318
175.301 SB 1318
175.401 SB 1318
185.30 SB 1318
185.50 SB 1318
190.007 SB 1318
191.006 SB 1318
215.34 CS/CS/CS/HB 959, SB 1318, CS/CS/SB 1874
218.415 SB 1318
255.502 SB 1318
280.02 SB 1318
280.03 SB 1318
280.042 SB 1318
280.05 SB 1318
280.052 SB 1318
280.053 SB 1318
280.055 SB 1318
280.07 SB 1318
280.08 SB 1318
280.085 SB 1318
280.09 SB 1318
280.10 SB 1318
280.13 SB 1318
280.17 SB 1318
331.309 SB 1318
373.553 SB 1318
631.221 SB 1318
723.06115 SB 1318