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The Florida Senate

SB 990: Public Deposits


Public Deposits; Adding credit unions meeting certain criteria to a list of qualified public depositories; specifying criteria for a credit union to be designated as a qualified public depository by the Chief Financial Officer; revising and specifying the mutual responsibility and contingent liability of financial institutions designated as qualified public depositories; requiring the Chief Financial Officer to segregate and separately account for certain amounts attributable to credit unions in the Public Deposits Trust Fund, etc.

Effective Date: 7/1/2020
Last Action: 3/14/2020 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on Agriculture, Environment, and General Government (AEG)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    11/19/2019 Senate • Filed
    12/13/2019 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations -SJ 74
    1/14/2020 Senate • Introduced -SJ 73
    3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Banking and Insurance

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  • SB 990, Original Filed Version (Current Bill Version) Posted 11/19/2019 at 10:31 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 721 Public Deposits Roth Similar Last Action: 3/14/2020 H Died in Insurance and Banking Subcommittee

    Citations - Statutes (44)

    Citation Catchline Location in Bill Location In Bill Help
    17.57 Deposits and investments of state money. Page 16 (pdf)
    17.58 Deposits of public money outside the State Treasury; revolving funds. Page 16 (pdf)
    17.62 Interest on state moneys deposited; when paid. Page 16 (pdf)
    17.68 Financial Literacy Program for Individuals with Developmental Disabilities. 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 16 (pdf)
    136.01 County depositories. Page 16 (pdf)
    159.608 Powers of housing finance authorities. Page 16 (pdf)
    175.301 Depository for pension funds. Page 16 (pdf)
    175.401 Retiree health insurance subsidy. Page 16 (pdf)
    185.30 Depository for retirement fund. Page 16 (pdf)
    185.50 Retiree health insurance subsidy. Page 16 (pdf)
    190.007 Board of supervisors; general duties. Page 16 (pdf)
    191.006 General powers. Page 16 (pdf)
    215.322 Acceptance of credit cards, charge cards, debit cards, or electronic funds transfers by state agencies, units of local government, and the judicial branch. Page 16 (pdf)
    215.34 State funds; noncollectible items; procedure. Page 16 (pdf)
    218.415 Local government investment policies. Page 16 (pdf)
    255.502 Definitions; ss. 255.501-255.525. Page 16 (pdf)
    280.02 Definitions. Page 2 (pdf)
    280.03 Public deposits to be secured; prohibitions; exemptions. Page 4 (pdf)
    280.042 Page 4 (pdf)
    280.05 Powers and duties of the Chief Financial Officer. Page 6 (pdf)
    280.052 Order of suspension or disqualification; procedure. Page 6 (pdf)
    280.053 Period of suspension or disqualification; obligations during period; reinstatement. Page 7 (pdf)
    280.055 Cease and desist order; corrective order; administrative penalty. Page 7 (pdf)
    280.07 Mutual responsibility and contingent liability. Page 9 (pdf)
    280.08 Procedure for payment of losses. Page 9 (pdf)
    280.085 Notice to claimants. Page 10 (pdf)
    280.09 Public Deposits Trust Fund. Page 11 (pdf)
    280.10 Effect of merger, acquisition, or consolidation; change of name or address. Page 12 (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 16 (pdf)
    373.553 Treasurer of the board; payment of funds; depositories. Page 16 (pdf)
    420.0005 State Housing Trust Fund; State Housing Fund. Page 16 (pdf)
    420.5087 State Apartment Incentive Loan Program. Page 16 (pdf)
    420.5088 Florida Homeownership Assistance Program. Page 16 (pdf)
    420.5089 HOME Investment Partnership Program; HOME Investment Partnership Fund. Page 16 (pdf)
    420.525 Housing Predevelopment Fund. Page 16 (pdf)
    631.221 Deposit of moneys collected. Page 16 (pdf)
    655.057 Records; limited restrictions upon public access. Page 16 (pdf)
    723.06115 Florida Mobile Home Relocation Trust Fund. Page 16 (pdf)
    895.09 Disposition of funds obtained through forfeiture proceedings. Page 16 (pdf)
    1009.971 Florida Prepaid College Board. Page 16 (pdf)

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