WA People
BILL · 2005–06 SESSION

HB 1805: Linked deposit program

Modifying provisions of the linked deposit program.

Summary

  • Increases the amount of funds available from $50 million to $100 million.
  • Limits individual loans to less than $1 million.
  • Moves monitoring functions from the Department of Community Trade and Economic Development to the Office of Minority and Women's Business Enterprises.
  • Prevents the State Treasurer from giving a discount to a state depository when the interest rate on certificates of deposit are less than 2 percent.
  • Repeals sunset provisions.

From the House Bill Report (HB 1805), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 7, 2005
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Pat Sullivan (D-47)
Introduced
February 7, 2005 in the House
Last action
January 9, 2006
Companion bill
SB 5782
Budget
Has a fiscal note

AN ACT Relating to the linked deposit program;

Sponsors

Prime sponsor: Pat Sullivan (D-47)

10 co-sponsors (9 Democrats, 1 Republican)

Bob Hasegawa D-11Kelli Linville D-42Eric Pettigrew D-37Shirley Hankins R-8Lynn Kessler D-24Geoff Simpson D-47Timm Ormsby D-3Derek Kilmer D-26Shay Schual-Berke D-33William "Ike" Eickmeyer D-35

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. Referred to Finance.
  3. FII - Executive action taken by committee.
  4. FII - Majority; do pass.
  5. First reading, referred to Financial Institutions & Insurance.

HB 1805 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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