Location: LSB B
Final
BILL SUMMARY for SB16-125
SENATE COMMITTEE ON FINANCE
BILL SUMMARY for SB16-125
SENATE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Adopt Amendment L.003 (Attachment A). The motion p Refer Senate Bill 16-125, as amended, to the Commi |
Pass Without Objection PASS |
11:35 AM -- SB16-125
Senator Holbert, prime sponsor, presented Senate Bill 16-125, which allows the board of directors of a credit union to appoint an audit committee in lieu of a supervisory committee, provided the audit committee performs the statutory duties of a supervisory committee. It also allows a credit union to provide reasonable compensation to an officer, director, or committee member for his or her service.
11:37 AM -- Mr. Austin DeBey, representing the Mountain West Credit Union Association, testified in support of the bill.
11:41 AM
Senator Holbert distributed and explained Amendment L.003 (Attachment A).
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| BILL: | SB16-125 | |
| TIME: | 11:42:18 AM | |
| MOVED: | Holbert | |
| MOTION: | Adopt Amendment L.003 (Attachment A). The motion passed without objection. | |
| SECONDED: | |
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VOTE |
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Holbert |
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Johnston |
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Kerr |
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Hill |
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Neville T. |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | SB16-125 | |
| TIME: | 11:44:06 AM | |
| MOVED: | Holbert | |
| MOTION: | Refer Senate Bill 16-125, as amended, to the Committee of the Whole, with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0. | |
| SECONDED: | |
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VOTE |
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Holbert |
Yes |
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Johnston |
Yes |
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Kerr |
Yes |
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Hill |
Yes |
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Neville T. |
Yes |
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YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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11:44 AM
The committee adjourned.