Bill
Number: S.B. 1463
Livingston
Floor Amendment
Reference
to: printed bill
Amendment
drafted by: Madison Leyvas
FLOOR
AMENDMENT EXPLANATION
1. Specifies
that the Department of Insurance and Financial Institutions (DIFI) must use all
appropriated monies to operate the Automobile Theft Authority (ATA).
2. Reinserts
the exemption for a state or federally regulated department or unit within a
financial institution that receives requests for the performance of real estate
appraisals from statutes governing appraisal management companies.
3. Removes
the requirement that monies collected from the semiannual fee of $0.50 per
vehicle assessed on an insurer issuing motor vehicle liability insurance
policies be continuously appropriated to DIFI to operate the ATA.
Fifty-fifth Legislature Livingston
First
Regular Session S.B. 1463
LIVINGSTON FLOOR AMENDMENT
SENATE AMENDMENTS TO S.B. 1463
(Reference to printed bill)
Page 240,
line 34, strike everything after the period
Strike line
35
Line 36,
strike "appropriated to the department to operate the fraud
unit."
Page 290,
strike lines 40 through 44, insert:
"1. A
department or unit within a financial institution that is subject to direct
regulation by an agency of the United States government or of this state and
that receives requests for the performance of real estate appraisals from the financial institution and then assigns such requests
to an appraiser who is part of the financial institution's appraiser
panel."
Renumber to
conform
Page 302,
line 18, after the period insert "All monies appropriated
to the department for the automobile theft authority shall be used by the
department exclusively for the operation of the automobile theft authority."
Page 303,
line 19, after the period strike remainder of line
Strike lines
20 and 21
Amend title to conform