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FL S0558

Bill

Official Source

Status

Passed

6/10/2013

Primary Sponsor

Nancy Detert

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Amends section 280.13, Florida Statutes, regarding eligible collateral for letters of credit issued by a Federal Home Loan Bank
  • Revises rating requirements for Federal Home Loan Bank obligations to remain "triple-A" rated by a nationally recognized source
  • Establishes alternative rating standard allowing obligations rated at not lower than the long-term sovereign credit rating of the United States if no longer triple-A rated
  • Effective July 1, 2013

Legislative Description

Letters of Credit Issued by a Federal Home Loan Bank

Last Action

Chapter No. 2013-129

6/10/2013

Committee Referrals

Judiciary3/5/2013
Commerce And Tourism2/21/2013
Banking and Insurance2/6/2013

Full Bill Text

No bill text available