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The Florida Senate

HB 721: Public Deposits


Public Deposits; Prohibits CFO from designating credit unions as qualified public depositories unless certain requirements are met; requires CFO to withdraw from specified collateral agreements; requires return of public deposits in credit unions under certain circumstances; authorizes CFO to limit amount of public deposits in credit unions; provides procedures for suspension or disqualification of credit unions; authorizes credit unions to be reinstated as qualified public depositories; requires credit unions that are designated as qualified public depositories to guarantee depositors against loss.

Effective Date: 7/1/2020
Last Action: 3/14/2020 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF

Bill History

Date Chamber Action
11/20/2019 House • Filed
12/3/2019 House • Referred to Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee -HJ 58
1/14/2020 House • Introduced -HJ 59
3/14/2020 House • Indefinitely postponed and withdrawn from consideration
• Died in Insurance and Banking Subcommittee