Bill
Number: S.B. 1336
Farnsworth
D Floor Amendment
Reference
to: printed bill
Amendment
drafted by: Fareed Bailey
FLOOR
AMENDMENT EXPLANATION
The Farnsworth amendment does the following:
1. Clarifies what must
be included with the organizational application for a new banking permit.
2. Specifies that the
final application for a new banking permit may begin at any time during the
organizational phase.
3. Specifies that the
required capital for a perspective new bank must be raise during the final
application process.
4. Makes technical and
conforming changes.
Fifty-second Legislature Farnsworth
D
First Regular Session S.B.
1336
FARNSWORTH
D FLOOR AMENDMENT
SENATE
AMENDMENTS TO S.B. 1336
(Reference
to printed bill)
Page 1, line 14, after “GROUP” insert
a period and strike remainder of line
Strike lines 15 and 16
Line 19, strike “INTERAGENCY”
Line 21, strike “NAME CHECK FORM AND FINGERPRINT CARD” insert “BACKGROUND PERMISSION FORM”
Line 23, after “SUMMARY” insert period and strike the remainder
of line
Strike line 24
Line 25, strike “FORM” insert “PLAN”
Line 31, after the period strike remainder of line
Strike line 32
Line 36, strike “IF AT”
Strike lines 37 through 40, insert “AT ANY TIME DURING THE ORGANIZATIONAL PHASE. THE REQUIRED
CAPITAL MUST BE RAISED DURING THE FINAL APPLICATION PROCESS.”
Amend title to conform