Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 1100
Barcode 243828
CHAMBER ACTION
Senate House
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04/11/2007 01:44 PM .
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11 Senator Alexander moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 1, line 28, through
15 page 4, line 30, delete those lines
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17 and insert:
18 Section 1. Subsection (10) of section 517.12, Florida
19 Statutes, is amended to read:
20 517.12 Registration of dealers, associated persons,
21 investment advisers, and branch offices.--
22 (10) An applicant for registration shall pay an
23 assessment fee of $200, in the case of a dealer or investment
24 adviser, or $50 $40, in the case of an associated person. The
25 assessment fee of an associated person shall be reduced to
26 $30, but only after the office determines, by final order,
27 that sufficient funds have been allocated to the Securities
28 Guaranty Fund pursuant to s. 517.1203 to satisfy all valid
29 claims filed in accordance with s. 517.1203(2) and after all
30 amounts payable under any service contract entered into by the
31 office pursuant to s. 517.1204, and all notes, bonds,
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. CS for SB 1100
Barcode 243828
1 certificates of indebtedness, other obligations, or evidences
2 of indebtedness secured by such notes, bonds, certificates of
3 indebtedness, or other obligations, have been paid or
4 provision has been made for the payment of such amounts,
5 notes, bonds, certificates of indebtedness, other obligations,
6 or evidences of indebtedness. An associated person may be
7 assessed an additional fee to cover the cost for the
8 fingerprint cards to be processed by the office. Such fee
9 shall be determined by rule of the commission. Each dealer and
10 each investment adviser shall pay an assessment fee of $100
11 for each office in this state. Such fees become the revenue of
12 the state, except for those assessments provided for under s.
13 517.131(1) until such time as the Securities Guaranty Fund
14 satisfies the statutory limits, and are not returnable in the
15 event that registration is withdrawn or not granted.
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17 (Redesignate subsequent sections.)
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21 And the title is amended as follows:
22 On page 1, lines 5-13, delete those lines
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24 and insert:
25 associated persons; deleting provisions
26 providing for an assessment fee to be allocated
27 to the Securities Guaranty Fund; repealing ss.
28 517.1203
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