Local government investment pool; limitations. (HB246)

Introduced By

Del. Don Merricks (R-Danville) with support from co-patrons Del. Clay Athey (R-Front Royal), Del. Danny Marshall (R-Danville), and Del. Tom Rust (R-Herndon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Local government investment pool; limitations.  Provides that no less than 10 percent of local government investment pool assets shall be invested in time, savings, or demand deposits at financial institutions qualified to accept public deposits under the Virginia Security for Public Deposits Act. The bill, as introduced in 2009, contained a reenactment clause that requires it to be reenacted by the 2010 Session of the General Assembly. Read the Bill »


Bill Has Failed


01/11/2010Prefiled and ordered printed; offered 01/13/10 10101362D
01/11/2010Referred to Committee on Appropriations
01/19/2010Assigned App. sub: Technology Oversight and Government Activities
01/27/2010Impact statement from DPB (HB246)
02/09/2010Subcommittee recommends continuing to 2011
02/12/2010Continued to 2011 in Appropriations