Bill Text: NC H106 | 2015-2016 | Regular Session | Amended
Bill Title: Amend Banking Commission Membership
Spectrum: Slight Partisan Bill (Republican 4-2)
Status: (Introduced - Dead) 2015-05-22 - Re-ref Com On Commerce [H106 Detail]
Download: North_Carolina-2015-H106-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2015
H 2
HOUSE BILL 106
Committee Substitute Favorable 3/19/15
Short Title: Amend Banking Commission Membership. |
(Public) |
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Sponsors: |
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Referred to: |
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February 27, 2015
A BILL TO BE ENTITLED
AN ACT to amend the membership of the banking commission.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 53C‑1‑4(58) reads as rewritten:
"(58) Public member. – A member of the Commission who
is not a practical banker orbanker, a consumer finance licensee
licensee, or a person licensed under Article 19B of Chapter 53 of the
General Statutes and who is not at the time of appointment to the
Commission, nor was within the five years preceding the appointment, an
employee of a North Carolina financial institution."
SECTION 2. G.S. 53C‑2‑1(a) reads as rewritten:
"(a) The Commission consists of 15 members,
including the State Treasurer, who shall serve as an ex officio member; 12
members appointed by the Governor; and two members appointed by the General
Assembly under G.S. 120‑121, one of whom shall be appointed upon the
recommendation of the President Pro Tempore of the Senate and one of whom shall
be appointed upon the recommendation of the Speaker of the House of Representatives.
The Governor shall appoint three practical bankers, one consumer finance
licensee, one person licensed under Article 19B of Chapter 53 of the General
Statutes, and eight seven public members to the Commission.
The member appointed upon the recommendation of the President Pro Tempore of
the Senate shall be a practical banker, and the member appointed upon the
recommendation of the Speaker of the House shall be a practical banker. Members
shall serve terms of four years. No individual shall serve more than two
complete consecutive terms on the Commission. Any vacancy occurring in the
membership of the Commission shall be filled by the appropriate appointing
officer for the unexpired term, except that vacancies among members appointed
by the General Assembly shall be filled in accordance with G.S. 120‑122.
The appointed members of the Commission shall receive subsistence and travel
expenses at the rates set forth in G.S. 120‑3.1. This compensation
shall be paid from the revenues of the OCOB."
SECTION 3. When the changes to G.S. 53C‑2‑1, as enacted by Section 2 of this act, become effective, the position on the Commission held by Donald E. Fader shall convert to a position assigned for a licensee under Article 19B of Chapter 53 of the General Statutes. Donald E. Fader shall continue on the Commission as the designated licensee under Article 19B of Chapter 53 of the General Statutes for his remaining term, which is scheduled to expire April 1, 2017, or until he resigns or ceases to meet the definition of a licensee under Article 19B of Chapter 53 of the General Statutes, whichever occurs first. The terms of the remaining members appointed by the Governor shall expire under the current schedule, and the Governor shall make appointments to fill vacancies as they occur.
SECTION 4. This act is effective when it becomes law.