SB 561 West Virginia Senate · 2025 Regular Session

Relating to Uniform Special Deposits Act

SB 561 enacts uniform rules for "special deposits" - funds held in restricted accounts for specific purposes, such as escrow or client funds. It standardizes procedures for managing, releasing, and reporting these deposits across financial institutions and state agencies. The law directly affects banks, credit unions, and government entities handling such accounts. Signed into law by the governor on April 30, 2025, it became effective on August 8, 2025.

Bill status signed all 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

Senate Passage

Mar 2025

House of Delegates Passage

Apr 2025

Signed into Law

Aug 2025

Introduced Feb 20, 2025 Signed Aug 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced Version → Enrolled Version · 3 edits · Apr 30, 2025

MINOR

The bill was finalized and enrolled for passage, converting it from an introduced draft to an official legislative text ready for enactment. The substantive policy content of the Uniform Special Deposits Act remains unchanged, with the primary difference being the addition of formal signatures, dates, and certification language required for a bill to become law.

Scope change

No substantive change to the bill's scope or applicability; the text represents the final enrolled version of the same legislation.

TECHNICAL

Added formal enrolled version language including passage date (April 11, 2025), effective date (90 days from passage), and signature lines for legislative officers and governor.

Removed introductory committee reference and replaced with official certification statements from Senate and House Clerks.

Replaced draft formatting markers with clean, finalized text suitable for publication as enacted law.

Floor votes · Senate Mar 11, 2025 · House of Delegates Apr 11, 2025

How they voted

32–0

Passed · 1 other

Total votes 33

Mar 11, 2025

D Democratic2

2 Yea

100% Yea

R Republican31

30 Yea 1

96% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 30, 2025

Signed into law

Approved by Governor 4/30/2025

upper

Apr 12, 2025

Signed into law

Approved by Governor 4/30/2025 - Senate Journal

upper

Apr 11, 2025

Lower · Passed

Passed House (Roll No. 509)

lower

Apr 9, 2025

Lower · Passed

Do pass

lower

Mar 12, 2025

Committee

To House Finance

lower

Mar 12, 2025

Committee

To Finance

lower

Mar 12, 2025

Introduced

Introduced in House

lower

Mar 11, 2025

Upper · Passed

Passed Senate (Roll No. 94)

upper

Mar 6, 2025

Upper · Passed

Reported do pass

upper

Feb 20, 2025

Introduced

Introduced in Senate

upper

Feb 20, 2025

Committee

To Banking and Insurance

upper

1 primary · 4 co-sponsors