West Virginia House Bill 4692 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on April 16 2008 - 100% progression
Action: 2008-04-16 - Chapter 180, Acts, 2008

The purpose of this bill is to make it easier for banking institutions to maintain the collateral levels needed to serve as depositories of public moneys. This bill accomplishes this purpose in three ways: First, depositories for municipal and county deposits already have the ability to place municipal and county deposits in certificates of deposit meeting certain requirements, in lieu of providing a bond or security in lieu of bond and gives depositories of state moneys that same option; Second, this bill permits banking institutions that serve as depositories for public moneys to pool securities in lieu of other bonding and pledging requirements; Finally, this bill permits public depositories to insure public deposits in excess of FDIC limits though a bankers surety bond.

Permitting depositories of state, county, municipal and other public moneys to pool securities

Del. Steven Kominar [D]

Sen. Randy White [D]

Date	Chamber	Action
2008-04-16		Chapter 180, Acts, 2008
2008-03-16		Approved by Governor 3/28/08 - House Journal
2008-03-28		Approved by Governor 3/28/08
2008-03-16		Approved by Governor 3/28/08 - Senate Journal
2008-03-16		To Governor 3/19/08 - Senate Journal
2008-03-19		To Governor 3/19/08
2008-03-16		To Governor 3/19/08 - House Journal
2008-03-07		House received Senate message
2008-03-07		Completed legislative action
2008-03-07		Communicated to House
2008-03-07		Passed Senate (Roll No. 14)
2008-03-07		Read 3rd time
2008-03-07		On 3rd reading
2008-03-06		Read 2nd time
2008-03-06		On 2nd reading
2008-03-05		Read 1st time
2008-03-05		On 1st reading
2008-03-05		Immediate consideration
2008-03-05		2nd reference dispensed
2008-03-05		Unanimous consent
2008-03-05		Reported do pass, but first to Finance
2008-02-28		To Government Organization
2008-02-28		To Government Organization then Finance
2008-02-28		Introduced in Senate
2008-02-27		Communicated to Senate
2008-02-27		Passed House (Roll No. 231)
2008-02-27		Read 3rd time
2008-02-27		On 3rd reading, Special Calendar
2008-02-26		Laid over on 3rd reading, Special Calendar, until 2/27/08
2008-02-26		On 3rd reading, Special Calendar
2008-02-25		Read 2nd time
2008-02-25		From House Calendar, 2nd reading, placed on Special Calendar
2008-02-24		Read 1st time
2008-02-24		Immediate consideration
2008-02-24		By substitute, do pass
2008-02-18		To House Finance
2008-02-18		Introduced in House
2008-02-18		To Finance
2008-02-18		Filed for introduction

SB731 (Same As) 2008-02-18 - To Government Organization

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=4692&year=2008&sessiontype=RS&btype=bill