WA People
BILL · 2011–12 SESSION

SB 5913: 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 (SB 5913), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 26, Laws of 2012
  1. IntroducedApr 5, 2011
  2. Out of committeeJan 19, 2012
  3. Passed SenateFeb 9, 2012
  4. Passed HouseFeb 27, 2012
  5. GovernorMar 7, 2012
  6. LawMar 7, 2012
Prime sponsor
Margarita Prentice (D-11)
Introduced
April 5, 2011 in the Senate
Last action
March 7, 2012
Session law
Chapter 26, Laws of 2012

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)

2 co-sponsors (1 Democrat, 1 Republican)

Steve Hobbs D-44Don Benton R-17

Votes

Senate · 3rd Reading & Final Passage

Passed February 9, 2012
Version voted on: SB 5913
43 Yea 2 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat27000
Republican16204
How each member voted

Nay (2)

Permalink to this vote

House · Final Passage

Passed February 27, 2012
Version voted on: SB 5913
80 Yea 16 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat54101
Republican261501
How each member voted

Yea (80)

Excused (2)

Permalink to this vote

History

  1. Effective date 6/7/2012.
  2. Chapter 26, 2012 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 80; nays, 16; absent, 0; excused, 2.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Referred to Rules 2 Review.
  11. BFS - Executive action taken by committee.
  12. Minority; do not pass.
  13. BFS - Majority; do pass.
  14. First reading, referred to Business & Financial Services.
  15. Third reading, passed; yeas, 43; nays, 2; absent, 0; excused, 4.
  16. Rules suspended. Placed on Third Reading.
  17. Placed on second reading by Rules Committee.
  18. Minority; without recommendation.
  19. FIHI - Majority; do pass.
  20. Passed to Rules Committee for second reading.
  21. By resolution, reintroduced and retained in present status.
  22. By resolution, reintroduced and retained in present status.
  23. By resolution, reintroduced and retained in present status.
  24. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5913 in other sessions

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

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