Bill > H0987

This bill makes the following key changes: - Allows credit unions to be designated as qualified public depositories for holding public deposits, subject to certain requirements. Credit unions must meet minimum eligibility criteria, including having public depositors intending to deposit funds with them and a certain number of credit unions applying to be qualified depositories. - Requires the Chief Financial Officer to withdraw from collateral agreements with credit unions if the number of qualified credit unions or those applying drops below five. Credit unions that lose their qualified status must return public deposits within 10 days. - Authorizes the Chief Financial Officer to limit the amount of public deposits a credit union can hold to ensure no single credit union holds an amount that could adversely affect the public deposits program. - Expands various provisions related to qualified public depositories to include credit unions, such as procedures for suspension or disqualification, notice requirements, and the Chief Financial Officer's powers to issue cease and desist orders. - Makes other technical changes to incorporate credit unions into the existing public deposits program.