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Senate committee backs bill to let treasurer consider Vermont credit unions for state deposits; report adopted
Summary
S.180 would let the state treasurer consider Vermont‑domiciled credit unions as depository options for state funds; Finance Committee reported favorably and the Senate adopted the report and ordered third reading after questions about the effective date.
Senator Chittenden presented S.180, a bill to modernize statutory language governing where the state treasurer may place deposits. He said current statutes limit the treasurer to banks, savings and loan associations, and community development credit unions; S.180 would allow consideration of Vermont‑domiciled credit unions and other in‑state…
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