WA People
BILL · 2011–12 SESSION

SB 5233: Public funds/credit unions

Increasing the permissible deposit of public funds with credit unions.

Summary

  • State and federally chartered credit unions are public depositaries only for the purpose of receiving public deposits, which may total no more than the federal deposit insurance limit. The maximum amount of deposit applies to all funds attributable to any one depositor of public funds in any one credit union.

From the Senate Bill Report (Orig.) (SB 5233), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 18, 2011
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 18, 2011 in the Senate
Last action
April 11, 2012
Companion bill
HB 1327

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: Margarita Prentice (D-11)

4 co-sponsors (3 Democrats, 1 Republican)

Don Benton R-17Karen Keiser D-33Adam Kline D-37Steve Conway D-29

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5233 in other sessions

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

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