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 1
HOUSE BILL 106
|
Short Title: Expand Banking Commission Membership. |
(Public) |
|
|
Sponsors: |
Representatives J. Bell and Jordan (Primary Sponsors). For a complete list of Sponsors, refer to the North Carolina General Assembly Web Site. |
|
|
Referred to: |
Banking. |
|
February 27, 2015
A BILL TO BE ENTITLED
AN ACT to amend the banking law of north carolina to increase the membership of the banking commission, as recommended by the legislative research commission study committee on banking law amendments.
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 17 members,
including the State Treasurer, who shall serve as an ex officio member; 12 14
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, and eight nine 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. This act is effective when it becomes law.
