Florida Senate - 2025                        COMMITTEE AMENDMENT
       Bill No. SB 1612
       
       
       
       
       
       
                                Ì517760+Î517760                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/19/2025           .                                
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       The Committee on Banking and Insurance (Grall) recommended the
       following:
       
    1         Senate Substitute for Amendment (523462) (with title
    2  amendment)
    3  
    4         Delete lines 92 - 118
    5  and insert:
    6         Section 4. Subsection (2) of section 657.028, Florida
    7  Statutes, is amended to read
    8         657.028 Activities of directors, officers, committee
    9  members, employees, and agents.—
   10         (2) An elected officer, director, or committee member,
   11  other than the chief executive officer, may not be compensated
   12  for her or his service to the credit union but an elected
   13  officer, director, or committee member may be reimbursed for
   14  necessary expenses incidental to performing official business
   15  for the credit union as such.
   16  
   17  ================= T I T L E  A M E N D M E N T ================
   18  And the title is amended as follows:
   19         Delete lines 11 - 12
   20  and insert:
   21         the term “equity”; amending s. 657.028, F.S.;
   22         authorizing elected officers, directors, or committee
   23         members of a credit union to be reimbursed for certain
   24         expenses; amending s.