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SB 1258: Florida Security for Public Deposits Act

GENERAL BILL by Hutson

Florida Security for Public Deposits Act; Specifying conditions that must be met before the Chief Financial Officer may designate a credit union as a qualified public depository; specifying the mutual responsibility and contingent liability of certain credit unions designated as qualified public depositories; requiring the Chief Financial Officer, in administering the Public Deposits Trust Fund, to segregate and separately account for certain proceeds, assessments, or penalties attributable to a credit union from those attributable to a bank, savings bank, or savings association, etc.

Effective Date: 7/1/2019
Last Action: 3/10/2018 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Rules (RC)

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  • Bill History

    Date Chamber Action
    12/14/2017 Senate • Filed
    1/11/2018 Senate • Referred to Banking and Insurance; Rules -SJ 146
    • Introduced -SJ 145
    3/10/2018 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Banking and Insurance

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  • SB 1258, Original Filed Version (Current Bill Version) Posted 12/14/2017 at 1:04 PM

    Bill Text:   Web Page PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 769 Public Deposits Trumbull Similar Last Action: 3/10/2018 H Died in Insurance and Banking Subcommittee

    Citations - Statutes (32)

    Citation Catchline Location in Bill Location In Bill Help
    17.57 Deposits and investments of state money. Page 16 (pdf)
    24.114 Bank deposits and control of lottery transactions. Page 16 (pdf)
    125.901 Children’s services; independent special district; council; powers, duties, and functions; public records exemption. Page 17 (pdf)
    136.01 County depositories. Page 18 (pdf)
    159.608 Powers of housing finance authorities. Page 19 (pdf)
    175.301 Depository for pension funds. Page 19 (pdf)
    175.401 Retiree health insurance subsidy. Page 20 (pdf)
    185.30 Depository for retirement fund. Page 21 (pdf)
    185.50 Retiree health insurance subsidy. Page 22 (pdf)
    190.007 Board of supervisors; general duties. Page 23 (pdf)
    191.006 General powers. Page 23 (pdf)
    215.34 State funds; noncollectible items; procedure. Page 24 (pdf)
    218.415 Local government investment policies. Page 25 (pdf)
    255.502 Definitions; ss. 255.501-255.525. Page 27 (pdf)
    280.02 Definitions. Page 3 (pdf)
    280.03 Public deposits to be secured; prohibitions; exemptions. Page 9 (pdf)
    280.042 Page 5 (pdf)
    280.05 Powers and duties of the Chief Financial Officer. Page 9 (pdf)
    280.052 Order of suspension or disqualification; procedure. Page 10 (pdf)
    280.053 Period of suspension or disqualification; obligations during period; reinstatement. Page 10 (pdf)
    280.055 Cease and desist order; corrective order; administrative penalty. Page 11 (pdf)
    280.07 Mutual responsibility and contingent liability. Page 6 (pdf)
    280.08 Procedure for payment of losses. Page 7 (pdf)
    280.085 Notice to claimants. Page 12 (pdf)
    280.09 Public Deposits Trust Fund. Page 8 (pdf)
    280.10 Effect of merger, acquisition, or consolidation; change of name or address. Page 13 (pdf)
    280.13 Eligible collateral. Page 14 (pdf)
    280.17 Requirements for public depositors; notice to public depositors and governmental units; loss of protection. Page 15 (pdf)
    331.309 Treasurer; depositories; fiscal agent. Page 27 (pdf)
    373.553 Treasurer of the board; payment of funds; depositories. Page 28 (pdf)
    631.221 Deposit of moneys collected. Page 29 (pdf)
    723.06115 Florida Mobile Home Relocation Trust Fund. Page 29 (pdf)

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