Department of the Treasury
Periodic Review of this Chapter
Includes a Small Business Impact Review
Date Filed: 12/28/2018
Notice of Periodic Review
Pursuant to Executive Order 14 (as amended July 16, 2018) and §§ 2.2-4007.1 and 2.2-4017 of the Code of Virginia, the Department/Board/Commission of the Treasury is conducting a periodic review and small business impact review of VAC citation: 1 VAC75--20, title of regulation: Virginia Security for Public Deposits Act Regulations.
The review of this regulation will be guided by the principles in Executive Order 14 (as amended July 16, 2018). http://TownHall.Virginia.Gov/EO-14.pdf
The purpose of this review is to determine whether this regulation should be repealed, amended, or retained in its current form. Public comment is sought on the review of any issue relating to this regulation, including whether the regulation (i) is necessary for the protection of public health, safety, and welfare or for the economical performance of important governmental functions; (ii) minimizes the economic impact on small businesses in a manner consistent with the stated objectives of applicable law; and (iii) is clearly written and easily understandable.
The comment period begins January 21, 2019, and ends on February 11, 2019.
Comments may be submitted online to the Virginia Regulatory Town Hall at http://www.townhall.virginia.gov/L/Forums.cfm. Comments may also be sent to Name: Kristin Reiter, Title: Director of Operations, Address: PO Box 1879, City: Richmond, State: Virginia, Zip: 23218-1879, Telephone: 804-225-3240, FAX: 804-786-7271, email address: Kristin.firstname.lastname@example.org.
Comments must include the commenter's name and address (physical or email) information in order to receive a response to the comment from the agency. Following the close of the public comment period, a report of both reviews will be posted on the Town Hall and a report of the small business impact review will be published in the Virginia Register of Regulations.
The Virginia Department of the Treasury is aware of the need to update the Security for Public Deposits Act Regulations for the recodification of Title 2.1 to Title 2.2 in 2001, and for amendments to the Security for Public Deposits Act since 1993.
Name / Title:
Treasury Board Secretary
James Monroe Bldg.
101 N. 14th St., 3rd Floor
Richmond, VA 23219
Publication of Notice in the Register and Public Comment Period
Published in the Virginia Register on 1/21/2019
begins on the publication date and
Comments Received: 0
Amend the regulation
Action Implementing the Result
Attorney General Certification
Submitted to OAG: 12/28/2018
Review Completed: 10/23/2020