Uniform Special Deposits Act

AI Summary

The Uniform Special Deposits Act is a federal bill that aims to regulate the deposit of public funds in financial institutions. It establishes guidelines for the safekeeping and management of these funds, ensuring their protection and availability when needed. The bill outlines procedures for depositing public money, including requirements for collateralization and interest accrual. Additionally, it addresses the responsibilities of financial institutions holding these deposits and provides mechanisms for monitoring compliance with the Act. Overall, the bill seeks to enhance transparency, security, and accountability in the handling of public funds by financial institutions.

• 2024-02-12: Introduced In House - Assigned to Finance

• 2024-04-08: House Committee on Finance Refer Unamended to House Committee of the Whole

• 2024-04-11: House Second Reading Special Order - Passed - No Amendments

• 2024-04-12: House Third Reading Laid Over to 04/14/2024 - No Amendments

• 2024-04-14: House Third Reading Passed - No Amendments

• 2024-04-15: Introduced In Senate - Assigned to Judiciary

• 2024-04-17: Senate Committee on Judiciary Refer Unamended to Senate Committee of the Whole

• 2024-04-22: Senate Second Reading Passed - No Amendments

• 2024-04-23: Senate Third Reading Passed - No Amendments

• 2024-05-02: Signed by the Speaker of the House

• 2024-05-02: Signed by the President of the Senate

• 2024-05-03: Sent to the Governor

• 2024-05-17: Governor Signed