SB 5509 - S COMM AMD by Committee on Business, Financial Services, Gaming & Trade (Dozier, S1280.1)

Summary

The Business, Financial Services, Gaming & Trade committee amendment S1280.1 to SB 5509, by Dozier, strikes the requirement for an appropriation to capitalize the bank. In its place it uses a loan from the state to be paid back within five years.

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“SB 5509 - S COMM AMD by Committee on Business, Financial Services, Gaming & Trade (Dozier, S1280.1).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-02-07-a30681-d251773-amd-a-1-5509-dozier-s-1280-1-e4217ac026/, SHA-256 350596b807b98644d68591f0ffacccd9fb0c0d9b341d3d1ae32009dc02daa2cc.

Full text

                                                              Dozier
    5509 AMS BFGT S1280.1                                     A.1

    SB 5509 - S COMM AMD
        By Committee on Business, Financial Services, Gaming & Trade




1       On page 5, line 8, after "(i)" strike "An appropriation" and
2   insert "A loan from the state to be paid back within five years"

3       On page 5, beginning on line 10, after "provided" strike all
4   material through "both" on line 11


        EFFECT: Changes the capitalization of the bank by removing the
    requirement for an appropriation and using a loan that has to be paid
    within five years in its place.



                                 --- END ---




    Code Rev/KS:eab                   1                       S-1280.1/23

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