WA People
BILL · 2011–12 SESSION

HB 1327: Public funds/credit unions

Increasing the permissible deposit of public funds with credit unions.

Summary

  • Allows credit unions to accept deposits of public funds up to the amount insured by the National Credit Union Share Insurance Fund.
  • Allows federally chartered credit unions to accept deposits of public funds.

From the House Bill Report (HB 1327), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 19, 2011
  2. Out of committeeFeb 2, 2011
  3. Passed HouseFeb 26, 2011
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 19, 2011 in the House
Last action
April 11, 2012
Companion bill
SB 5233

AN ACT Relating to increasing the permissible deposit of public funds with credit unions and authorizing the deposit of public funds at federally chartered credit unions;

Sponsors

Prime sponsor: Steve Kirby (D-29)

4 co-sponsors (3 Democrats, 1 Republican)

Judy Warnick R-13Mark Miloscia D-30Joe Fitzgibbon D-34Mary Helen Roberts D-21

Votes

House · Final Passage

Passed February 26, 2011
Version voted on: HB 1327
85 Yea 12 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican291201
How each member voted

Yea (85)

Excused (1)

Permalink to this vote

House · Final Passage

Passed January 30, 2012
Version voted on: HB 1327
86 Yea 10 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat55001
Republican311001
How each member voted

Yea (86)

Excused (2)

Permalink to this vote

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, returned to House Rules Committee for third reading.
  4. Passed to Rules Committee for second reading.
  5. FIHI - Majority; do pass with amendment(s).
  6. First reading, referred to Financial Institutions, Housing & Insurance.
  7. Third reading, passed; yeas, 86; nays, 10; absent, 0; excused, 2.
  8. Placed on third reading by Rules Committee.
  9. By resolution, reintroduced and retained in present status.
  10. By resolution, reintroduced and retained in present status.
  11. By resolution, reintroduced and retained in present status.
  12. By resolution, returned to House Rules Committee for third reading.
  13. First reading, referred to Financial Institutions, Housing & Insurance.
  14. Third reading, passed; yeas, 85; nays, 12; absent, 0; excused, 1.
  15. Rules suspended. Placed on Third Reading.
  16. Rules Committee relieved of further consideration. Placed on second reading.
  17. Referred to Rules 2 Consideration.
  18. Passed to Rules Committee for second reading.
  19. BFS - Executive action taken by committee.
  20. BFS - Majority; do pass.
  21. First reading, referred to Business & Financial Services.

HB 1327 in other sessions

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

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