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LR number: 4030S.03T
Latest Update: Sunday, June, 15th 2008

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SCS/SB 951 - Under the act, in a state of emergency, the Governor shall authorized the Director of Finance and the Director of Credit Unions to suspend laws and rules applicable to the division that are reasonable and necessary to safeguard the soundness of financial institutions and coordinate emergency response with financial institutions and emergency responders. The respective directors shall file written waivers, suspensions, actions, and directives in the office of the Director of Finance.

Under current law, banks and trust companies may operate under emergency bylaws in certain circumstances . This act allows banks and trust companies to do the same when the legislature or governor declares a state of emergency. On such occasion, the board of directors or president of the financial institution shall notify the director of finance of the implementation of emergency bylaws and the status of its emergency response operations.

CHRIS HOGERTY

Latest Actions
  • 05/29/2008 - Reported Duly Enrolled S Rules Committee
  • 05/29/2008 - Signed by Senate President
  • 05/29/2008 - Signed by House Speaker
  • 05/29/2008 - Delivered to Governor
  • 05/14/2008 - H Consent Calendar

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Bill Summary
File name Last Updated
SB951 Bill Summary Perfected HTML02/28/2008
SB951 Bill Summary Senate Committee Substitute HTML02/11/2008
SB951 Bill Summary Introduced HTML01/15/2008

Bill Text
File name Last Updated
SB951 Bill Text Truly Agreed To and Finally Passed PDF05/15/2008
SB951 Bill Text Perfected PDF02/29/2008
SB951 Bill Text Senate Committee Substitute PDF02/14/2008
SB951 Bill Text Introduced PDF01/15/2008

Fiscal Notes
File name Last Updated
SB951 Fiscal Notes Senate Comm (Truly Agreed) PDF05/28/2008
SB951 Fiscal Notes Senate Comm (Perfected) PDF02/28/2008
SB951 Fiscal Notes Senate Comm (Perfected) HTML02/28/2008
SB951 Fiscal Notes Senate Comm PDF02/15/2008
SB951 Fiscal Notes Senate Comm HTML02/15/2008
SB951 Fiscal Notes Introduced HTML02/01/2008
SB951 Fiscal Notes Introduced PDF02/01/2008