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Public Funds and Financing - As enacted, revises on a temporary basis, from May 11, 2021, to January 1, 2023, provisions governing collateral for public deposits so that a qualified public depository that accepts any public deposit between May 1, 2021, and December 31, 2022, that would increase its collateral by 25 percent will have 10 calendar days from the date of the deposit to deposit additional collateral to secure such increase. - Amends TCA Title 6; Title 8 and Title 9.

It became law on May 18, 2021.

TN SB 1406 · Senate Bill · 112

Stage
Became law
Started in
Senate
Sponsors
2
Latest action
May 18, 2021

Where it stands

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    May 18, 2021

This bill passed and is now law.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Tennessee.

Work with this bill

Public Funds and Financing - As enacted, revises on a temporary basis, from May 11, 2021, to January 1, 2023, provisions governing collateral for public deposits so that a qualified public depository that accepts any public deposit between May 1, 2021, and December 31, 2022, that would increase its collateral by 25 percent will have 10 calendar days from the date of the deposit to deposit additional collateral to secure such increase. - Amends TCA Title 6; Title 8 and Title 9. | 52