SB 1018: Public Deposits
GENERAL BILL by Ingoglia
Public Deposits; Adding credit unions to a list of financial institutions that are eligible to be qualified public depositories; specifying the losses against which certain solvent banks, savings banks, savings associations, and credit unions must guarantee public depositors; providing that a specified limit on securities eligible to be pledged as collateral applies to qualified public depositories, rather than to banks and savings associations, etc.
Effective Date: 7/1/2024
Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
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Bill History
Date Chamber Action 12/19/2023 Senate • Filed
1/4/2024 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
1/9/2024 Senate • Introduced
3/8/2024 Senate • Died in Banking and Insurance
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SB 1018, Original Filed Version (Current Bill Version) Posted 12/19/2023 at 3:09 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 611 (c1) Public Deposits State Administration & Technology Appropriations Subcommittee Similar Last Action: 3/8/2024 S Died in Fiscal Policy 
H 989 (er) Chief Financial Officer Insurance & Banking Subcommittee Compare Last Action: 5/3/2024 Chapter No. 2024-140
Citations - Statutes (36)
Citation Catchline Location in Bill Location In Bill Help 17.57 Deposits and investments of state money. Page 20 (pdf) 17.68 Financial Literacy Program for Individuals with Developmental Disabilities. Page 3 (pdf) 24.114 Bank deposits and control of lottery transactions. Page 20 (pdf) 125.901 Children’s services; independent special district; council; powers, duties, and functions; public records exemption. Page 21 (pdf) 136.01 County depositories. Page 22 (pdf) 159.608 Powers of housing finance authorities. Page 23 (pdf) 175.301 Depository for pension funds. Page 24 (pdf) 175.401 Retiree health insurance subsidy. Page 24 (pdf) 185.30 Depository for retirement fund. Page 25 (pdf) 185.50 Retiree health insurance subsidy. Page 26 (pdf) 190.007 Board of supervisors; general duties. Page 27 (pdf) 191.006 General powers. Page 28 (pdf) 215.34 State funds; noncollectible items; procedure. Page 28 (pdf) 218.415 Local government investment policies. Page 29 (pdf) 255.502 Definitions; ss. 255.501-255.525. Page 31 (pdf) 280.02 Definitions. Page 4 (pdf) 280.025 Attestation required. Page 8 (pdf) 280.03 Public deposits to be secured; prohibitions; exemptions. Page 8 (pdf) 280.042 Page 8 (pdf) 280.05 Powers and duties of the Chief Financial Officer. Page 10 (pdf) 280.051 Grounds for suspension or disqualification of a qualified public depository. Page 31 (pdf) 280.052 Order of suspension or disqualification; procedure. Page 10 (pdf) 280.053 Period of suspension or disqualification; obligations during period; reinstatement. Page 11 (pdf) 280.055 Cease and desist order; corrective order; administrative penalty. Page 11 (pdf) 280.07 Mutual responsibility and contingent liability. Page 13 (pdf) 280.08 Procedure for payment of losses. Page 13 (pdf) 280.085 Notice to claimants. Page 15 (pdf) 280.09 Public Deposits Trust Fund. Page 15 (pdf) 280.10 Effect of merger, acquisition, or consolidation; change of name or address. Page 16 (pdf) 280.13 Eligible collateral. Page 18 (pdf) 280.17 Requirements for public depositors; notice to public depositors and governmental units; loss of protection. Page 19 (pdf) 280.18 Protection of public depositors; liability of the state. Page 32 (pdf) 331.309 Treasurer; depositories; fiscal agent. Page 32 (pdf) 373.553 Treasurer of the board; payment of funds; depositories. Page 33 (pdf) 631.221 Deposit of moneys collected. Page 33 (pdf) 723.06115 Florida Mobile Home Relocation Trust Fund. Page 34 (pdf)