Skip to Navigation | Skip to Main Content | Skip to Site Map

FLHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

Track This Bill

Glossary of Legislative Terms

CS/HB 611: Public Deposits

GENERAL BILL by State Administration & Technology Appropriations Subcommittee ; Botana ; (CO-INTRODUCERS) Redondo ; Rizo

Public Deposits; Adds credit unions to list of financial institutions eligible to be qualified public depositories; provides applicability of qualified public depository provisions to credit unions; requires CFO to withdraw from collateral agreement with credit union; specifies requirement for & restriction on credit union that is party to withdrawn collateral agreement; provides limits on public deposits held by credit unions; specifies losses against which certain solvent banks, savings banks, savings associations, & credit unions must guarantee public depositors; requires CFO to segregate & separately account for proceeds, assessments, & administrative penalties attributable to credit union from those attributable to other specified financial institutions; revises condition for payment of losses to public depositors; provides that specified limit on securities eligible to be pledged as collateral apply to qualified public depositories, rather than to banks & savings associations.

Effective Date: 7/1/2024
Last Action: 3/8/2024 Senate - Died in Fiscal Policy, companion bill(s) passed, see CS/CS/CS/HB 989 (Ch. 2024-140)
Bill Text: PDF
Senate Committee References:
  1. Fiscal Policy (FP)


View By Bill Version View By Category


Bill History

Date Chamber Action
11/21/2023 House • Filed
11/30/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/9/2024 House • Added to Insurance & Banking Subcommittee agenda
• 1st Reading (Original Filed Version)
1/11/2024 House • Favorable by Insurance & Banking Subcommittee
1/12/2024 House • Reported out of Insurance & Banking Subcommittee
• Now in State Administration & Technology Appropriations Subcommittee
2/9/2024 House • Added to State Administration & Technology Appropriations Subcommittee agenda
2/13/2024 House • Favorable with CS by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
2/14/2024 House • 1st Reading (Committee Substitute 1)
• Referred to Commerce Committee
• Now in Commerce Committee
2/20/2024 House • Added to Commerce Committee agenda
2/22/2024 House • Favorable by Commerce Committee
2/23/2024 House • Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
2/26/2024 House • Bill added to Special Order Calendar (2/29/2024)
2/29/2024 House • Read 2nd time
• Added to Third Reading Calendar
• Read 3rd time
• CS passed; YEAS 76, NAYS 36
2/29/2024 Senate • In Messages
3/1/2024 Senate • Referred to Fiscal Policy
• Received
3/8/2024 Senate • Died in Fiscal Policy, companion bill(s) passed, see CS/CS/CS/HB 989 (Ch. 2024-140)