Florida Senate - 2006                      COMMITTEE AMENDMENT
    Bill No. CS for SB 656
                        Barcode 172934
                            CHAMBER ACTION
              Senate                               House
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 1           Comm: RCS             .                    
       03/30/2006 09:23 AM         .                    
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11  The Committee on Banking and Insurance (Fasano) recommended
12  the following amendment:
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14         Senate Amendment (with title amendment) 
15         On page 11, between lines 10 and 11,
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17  insert:  
18         Section 2.  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 by 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 be
29  remedial in nature, is intended to clarify existing law, and
30  shall apply to credit balances held before, on, or after July
31  1, 2006.
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    2:47 PM   03/27/06                           s0656c1c-bi11-t01


    Florida Senate - 2006                      COMMITTEE AMENDMENT
    Bill No. CS for SB 656
                        Barcode 172934
 1  
 2  (Redesignate subsequent sections.)
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 5  ================ T I T L E   A M E N D M E N T ===============
 6  And the title is amended as follows:
 7         On page 2, line 3, after the semicolon,
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 9  insert:
10         creating s. 655.851, F.S.; providing that
11         credit balances that result from the
12         performance of or participation in
13         check-clearing functions are not subject to
14         certain reporting requirements;
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