WA People
BILL · 2021–22 SESSION

SB 5787: Linked deposit program

Concerning the linked deposit program.

Summary

  • Renames the Time Certificate of Deposit Investment Program as the Surplus Funds Investment Program.
  • Permits the Office of the State Treasurer to expand the types of investments used to invest short-term surplus funds.

From the House Bill Report (SB 5787), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 99, Laws of 2022
  1. IntroducedJan 11, 2022
  2. Out of committeeJan 19, 2022
  3. Passed SenateJan 28, 2022
  4. Passed HouseMar 4, 2022
  5. GovernorMar 17, 2022
  6. LawMar 17, 2022
Prime sponsor
Joe Nguyen (D-34)
Introduced
January 11, 2022 in the Senate
Last action
March 17, 2022
Session law
Chapter 99, Laws of 2022
Requested by
State agency
Budget
Has a fiscal note

AN ACT Relating to the linked deposit program;

Sponsors

Prime sponsor: Joe Nguyen (D-34)

8 co-sponsors (8 Democrats, 0 Republicans)

Manka Dhingra D-45Senator D-46Karen Keiser D-33Patty Kuderer D-48Marko Liias D-21John Lovick D-44T'wina Nobles D-28Jamie Pedersen D-43

Votes

Senate · 3rd Reading & Final Passage

Passed January 28, 2022
Version voted on: SB 5787
43 Yea 0 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat25004
Republican18002
How each member voted

Excused (6)

Permalink to this vote

House · 3rd Reading & Final Passage

Passed March 4, 2022
Version voted on: SB 5787
96 Yea 2 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat57000
Republican39200
How each member voted

Yea (96)

Nay (2)

Permalink to this vote

History

  1. Effective date 6/9/2022.
  2. Chapter 99, 2022 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 96; nays, 2; absent, 0; excused, 0.
  8. Rules suspended. Placed on Third Reading.
  9. Rules Committee relieved of further consideration. Placed on second reading.
  10. Referred to Rules 2 Review.
  11. CPB - Executive action taken by committee.
  12. CPB - Majority; do pass.
  13. Referred to Consumer Protection & Business.
  14. Committee relieved of further consideration.
  15. First reading, referred to State Government & Tribal Relations.
  16. Third reading, passed; yeas, 43; nays, 0; absent, 0; excused, 6.
  17. Rules suspended. Placed on Third Reading.
  18. Placed on second reading consent calendar.
  19. Passed to Rules Committee for second reading.
  20. BFST - Majority; do pass.
  21. First reading, referred to Business, Financial Services & Trade.

SB 5787 in other sessions

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

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