Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. CS for SB 2744
Barcode 424072
CHAMBER ACTION
Senate House
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11 The Committee on Criminal Justice (King) recommended the
12 following amendment:
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14 Senate Amendment (with title amendment)
15 On page 120, between lines 23 and 24,
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18 Section 67. Section 655.851, Florida Statutes, is
19 created to read:
20 655.851 Unclaimed credit balances.--Credit balances
21 held by a financial institution, credit union, or participant,
22 as defined in 12 U.S.C. s. 4001(19), which result from the
23 performance of or participation in check-clearing functions,
24 whether pursuant to a contractual relationship between
25 financial institutions, credit unions, or participants;
26 through a clearinghouse as defined by s. 674.104; or through a
27 clearinghouse association as defined by 12 U.S.C. s. 4001(8),
28 are not subject to s. 717.117. This section is intended to
29 clarify existing law and to be remedial in nature and applies
30 to credit balances held before, on, or after July 1, 2006.
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10:32 AM 04/24/06 s2744c1c-cj08-k0a
Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. CS for SB 2744
Barcode 424072
1 (Redesignate subsequent sections.)
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5 And the title is amended as follows:
6 On page 10, line 5, after the semicolon,
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8 insert:
9 creating s. 655.851, F.S.; providing that
10 credit balances that result from the
11 performance of or participation in
12 check-clearing functions are not subject to
13 certain reporting requirements;
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