WA People
BILL · 2005–06 SESSION · LATEST VERSION 2SSB 5782

SB 5782: Linked deposit program

Modifying provisions of the linked deposit program.

Summary

  • Increases the amount of funds available for the Linked Deposit Program from $50 million to $100 million.
  • Limits individual loans to less than $1 million.
  • Requires the State Treasurer to reduce the amount of the preference to ensure that the effective interest rate on the certificate of deposit is not less than 2 percent.
  • Allows a qualified public depository to reduce the interest rate on the loans by an amount that corresponds to the reduction in the preference that the qualified public depository receives from the State Treasurer.
  • Moves monitoring functions from the Department of Community, Trade and Economic Development to the Office of Minority and Women's Business Enterprises.
  • Repeals sunset provisions.

From the Second Substitute House Bill Report (2SSB 5782), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 302, Laws of 2005
  1. IntroducedFeb 7, 2005
  2. Out of committeeMar 7, 2005
  3. Passed SenateMar 15, 2005
  4. Passed HouseApr 11, 2005
  5. GovernorMay 6, 2005
  6. LawMay 6, 2005
Prime sponsor
Paull Shin (D-21)
Introduced
February 7, 2005 in the Senate
Last action
May 6, 2005
Session law
Chapter 302, Laws of 2005
Companion bill
HB 1805
Budget
Has a fiscal note
Versions
SB 5782, SSB 5782, 2SSB 5782

AN ACT Relating to the linked deposit program;

Sponsors

Prime sponsor: Paull Shin (D-21)

5 co-sponsors (5 Democrats, 0 Republicans)

Margarita Prentice D-11Rosa Franklin D-29Adam Kline D-37Jeanne Kohl-Welles D-36Jean Berkey D-38

Votes

Senate · 3rd Reading & Final Passage

Passed March 15, 2005
Version voted on: 2SSB 5782
39 Yea 7 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican13703
How each member voted

Excused (3)

Permalink to this vote

House · Final Passage as Amended by the House

Passed April 11, 2005
Version voted on: 2SSB 5782
89 Yea 7 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican33702
How each member voted

Yea (89)

Excused (2)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed April 21, 2005
Version voted on: 2SSB 5782
37 Yea 9 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat24002
Republican13901
How each member voted

Excused (3)

Permalink to this vote

History

  1. Effective date 7/24/2005. (2SSB 5782)
  2. Chapter 302, 2005 Laws. (2SSB 5782)
  3. Governor signed. (2SSB 5782)
  4. Delivered to Governor. (2SSB 5782)
  5. Speaker signed. (2SSB 5782)
  6. President signed. (2SSB 5782)
  7. Passed final passage; yeas, 37; nays, 9; absent, 0; excused, 3. (2SSB 5782)
  8. Senate concurred in House amendments. (2SSB 5782)
  9. House insists on its position and asks Senate to concur. (2SSB 5782)
  10. Senate refuses to concur in House amendments. Asks House to recede from amendments. (2SSB 5782)
  11. Third reading, passed; yeas, 89; nays, 7; absent, 0; excused, 2. (2SSB 5782)
  12. Rules suspended. Placed on Third Reading. (2SSB 5782)
  13. Committee amendment adopted with no other amendments. (2SSB 5782)
  14. Placed on second reading by Rules Committee. (2SSB 5782)
  15. FIN - Majority; do pass with amendments(s) by Financial Institutions & Insurance. (2SSB 5782)
  16. Passed to Rules Committee for second reading. (2SSB 5782)
  17. FIN - Executive action taken by committee. (2SSB 5782)
  18. Referred to Finance. (2SSB 5782)
  19. FII - Executive action taken by committee. (2SSB 5782)
  20. FII - Majority; do pass with amendment(s). (2SSB 5782)
  21. First reading, referred to Financial Institutions & Insurance. (2SSB 5782)
  22. Third reading, passed; yeas, 39; nays, 7; absent, 0; excused, 3. (2SSB 5782)
  23. Rules suspended. Placed on Third Reading. (2SSB 5782)
  24. 2nd substitute bill substituted. (2SSB 5782)
  25. 2nd substitute bill substituted. (SSB 5782)
  26. 2nd substitute bill substituted.
  27. Placed on second reading by Rules Committee. (2SSB 5782)
  28. Placed on second reading by Rules Committee. (SSB 5782)
  29. Placed on second reading by Rules Committee.
  30. Made eligible to be placed on second reading. (2SSB 5782)
  31. Made eligible to be placed on second reading. (SSB 5782)
  32. Made eligible to be placed on second reading.
  33. WM - Majority; 2nd substitute bill be substituted, do pass. (2SSB 5782)
  34. Passed to Rules Committee for second reading. (2SSB 5782)
  35. Passed to Rules Committee for second reading. (SSB 5782)
  36. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5782)
  37. WM - Majority; 2nd substitute bill be substituted, do pass.
  38. Passed to Rules Committee for second reading.
  39. Referred to Ways & Means. (SSB 5782)
  40. ITED - Majority; 1st substitute bill be substituted, do pass. (SSB 5782)
  41. And refer to Ways & Means. (SSB 5782)
  42. And refer to Ways & Means.
  43. ITED - Majority; 1st substitute bill be substituted, do pass.
  44. Referred to Ways & Means.
  45. First reading, referred to International Trade & Economic Development.

SB 5782 in other sessions

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

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