Bill Text | History of Actions | Background | Title |
Description: Banking department; revise bank assessment formula and exempt funds from appropriations process.
Bill Text: [Introduced]
| 1 | 01/17 (S) Referred To Business and Financial Institutions;Appropriations | |
| 2 | 02/01 (S) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committees:
Principal Author: Mettetal
Code Sections: A 081-0001-0107, A 081-0012-0193, A 081-0013-0017, A 081-0014-0157, A 063-0019-0051, A 081-0001-0109
Title: AN ACT TO AMEND SECTION 81-1-107, MISSISSIPPI CODE OF 1972, TO REVISE THE MANNER OF ASSESSMENT OF BANKS, TRUST COMPANIES, SAVINGS ASSOCIATIONS, SAVINGS BANKS AND CREDIT UNIONS BY THE DEPARTMENT OF BANKING AND CONSUMER FINANCE; TO AMEND SECTIONS 81-12-193, 81-13-17 AND 81-14-157, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISION; TO CREATE NEW SECTION 81-1-108, MISSISSIPPI CODE OF 1972, TO CREATE IN THE STATE TREASURY TWO REVOLVING FUNDS FOR THE DEPARTMENT OF BANKING AND CONSUMER FINANCE, THE BANKING FUND AND THE CONSUMER FINANCE FUND, WHICH SHALL CONSIST OF ALL MONIES RECEIVED BY THE COMMISSIONER OF BANKING AND CONSUMER FINANCE UNDER THE STATUTES ADMINISTERED BY HIM; TO PROVIDE THAT THE BANKING FUND AND THE CONSUMER FINANCE FUND SHALL BE CONTINUING FUNDS AND NOT SUBJECT TO FISCAL YEAR LIMITATIONS; TO PROVIDE THAT ALL MONIES ACCRUING TO THESE FUNDS ARE APPROPRIATED AND MAY BE BUDGETED AND EXPENDED ONLY BY THE DEPARTMENT, AFTER REVIEW BY THE STATE BOARD OF BANKING REVIEW, SOLELY AND EXCLUSIVELY FOR THE OPERATING EXPENSES OF THE DEPARTMENT; TO PROVIDE THAT FOR THE NEXT THREE FISCAL YEARS, SEVEN PERCENT OF ALL ANNUAL ASSESSMENTS AND FEES CREDITED TO THE BANKING FUND AND THE CONSUMER FINANCE FUND SHALL BE DEPOSITED TO THE STATE GENERAL FUND IN LIEU OF CHARGES TO THE BANKING FUND AND THE CONSUMER FINANCE FUND FOR FURTHER MAINTENANCE OF THE GENERAL FUND; TO AMEND SECTIONS 63-19-51 AND 81-1-109, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISION; AND FOR RELATED PURPOSES.
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2005/html/History/SB/SB2537.htm