STATE MONEY-DEPOSIT-CRED UNION
Summary
Amends the Deposit of State Moneys Act. Provides that the Treasurer may accept a proposal from an eligible institution that provides a reduced rate of interest if the institution agrees to expend an amount equal to the reduction for the delivery of credit union products and services and financial literacy programs to low income members of certain credit unions. Provides that the proposal and acceptance shall be contained in an agreement between the State Treasurer, the institution, and a third party, if applicable, and the agreement shall restrict the use of the funds to the prospective delivery of the foregoing products, services, and programs. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2005
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2005
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
15
Key actions
0
Committee
4
Jan 9, 2007
House · Failed
Session Sine Die
Apr 15, 2005
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 10, 2005
House · Reported by committee
Do Pass / Short Debate Financial Institutions Committee; 029-000-000
Feb 2, 2005
House · Referred to committee
Assigned to Financial Institutions Committee
Jan 27, 2005
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Edward J. Acevedo
DDemocratic
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