BILL · 2001–02 SESSION
HB 1587: Linked deposit programs
Modifying provisions relating to the linked deposit program.
Summary
- $ Loans made under the linked deposit program are limited to one million dollars and interest cannot exceed the prime interest rate of the lender.
- $ The performance of businesses receiving loans under the linked deposit program are to be monitored by the Office of Minority and Women = s Business Enterprises and the Department of Community, Trade, and Economic Development, in consultation with the State Treasurer.
- $ The sunset provisions pertaining to the linked deposit program are repealed.
From the House Bill Analysis (HB 1587), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 30, 2001
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Velma Veloria (D-11)
- Introduced
- January 30, 2001 in the House
- Last action
- January 14, 2002
- Requested by
- Governor
- Companion bill
- SB 5642
- Budget
- Has a fiscal note
AN ACT Relating to the linked deposit program;
Sponsors
Prime sponsor: Velma Veloria (D-11)
7 co-sponsors (6 Democrats, 1 Republican)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- First reading, referred to Financial Institutions & Insurance.
HB 1587 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 1587 (2025–26) Partner promise scholarships
- HB 1587 (2023–24) Spirit tax/veterans' orgs.
- HB 1587 (2021–22) State boundary lines
- HB 1587 (2019–20) Fruits and vegetables access
- HB 1587 (2017–18) Rule-making/public info.
- HB 1587 (2015–16) SEPA decisions & jud. review
- HB 1587 (2013–14) Public employee benefits
- HB 1587 (2011–12) Telecommunications service