Bill Text: AZ HB2097 | 2014 | Fifty-first Legislature 2nd Regular | Engrossed
Bill Title: Department of financial institutions; continuation
Spectrum: Moderate Partisan Bill (Republican 7-1)
Status: (Engrossed - Dead) 2014-04-23 - House minority caucus: Do pass [HB2097 Detail]
Download: Arizona-2014-HB2097-Engrossed.html
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Senate Engrossed House Bill |
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State of Arizona House of Representatives Fifty-first Legislature Second Regular Session 2014
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HOUSE BILL 2097 |
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AN ACT
repealing section 41‑3014.10, Arizona Revised Statutes; amending title 41, chapter 27, article 2, Arizona Revised Statutes, by adding section 41‑3022.13; relating to the department of financial institutions.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Repeal
Section 41-3014.10, Arizona Revised Statutes, is repealed.
Sec. 2. Title 41, chapter 27, article 2, Arizona Revised Statutes, is amended by adding section 41-3022.13, to read:
41-3022.13. Department of financial institutions; termination July 1, 2022
A. The department of financial institutions terminates on July 1, 2022.
B. Title 6 is repealed on January 1, 2023.
Sec. 3. Purpose
Pursuant to section 41‑2955, subsection B, Arizona Revised Statutes, the legislature continues the department of financial institutions to promote the public welfare by protecting the financial assets of the citizens of this state through the administration of this state's statutes that relate to financial institutions and enterprises.
Sec. 4. Retroactivity
Sections 1 and 2 of this act are effective retroactively to July 1, 2014.
