Florida Senate - 2025                        COMMITTEE AMENDMENT
       Bill No. SB 1612
       
       
       
       
       
       
                                Ì523462!Î523462                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: RS            .                                
                  03/19/2025           .                                
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       The Committee on Banking and Insurance (Grall) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 92 - 118
    4  and insert:
    5         Section 4. Subsection (2) of section 657.028, Florida
    6  Statutes, is amended to read:
    7         657.028 Activities of directors, officers, committee
    8  members, employees, and agents.—
    9         (2) An elected officer, director, or committee member,
   10  other than the chief executive officer, may not be compensated
   11  for her or his service to the credit union and may be reimbursed
   12  for necessary expenses incidental to performing official
   13  business for the credit union as such.
   14  ================= T I T L E  A M E N D M E N T ================
   15  And the title is amended as follows:
   16         Delete lines 11 - 12
   17  and insert:
   18         the term “equity”; amending s. 657.028, F.S.;
   19         authorizing an elected officer, director, or committee
   20         member of a credit union to be compensated and
   21         reimbursed for certain expenses; amending s.