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AK HB362
Bill
Status
Introduced
2/24/2016
Primary Sponsor
Lance Pruitt
Click for details
AI Summary
- Transfers banking and insurance regulatory functions from the Department of Commerce, Community, and Economic Development to the Department of Revenue
- Updates multiple Alaska Statutes to change references from "commissioner of commerce" and "Department of Commerce" to "commissioner of revenue" and "Department of Revenue" for banking, insurance, and related financial regulatory matters
- Removes banking regulation duties from the Department of Commerce, Community, and Economic Development (AS 44.33.020) and adds them to the Department of Revenue (AS 44.25.020)
- Transfers all employees of the Division of Insurance and Division of Banking and Securities from the Department of Commerce to the Department of Revenue effective on the bill's enactment date
- Includes transitional provisions to ensure pending litigation, regulations, contracts, and property transfers continue under the new departmental structure
Legislative Description
Transfer Duties: Commerce To Revenue
Revenue
Last Action
COSPONSOR(S): VAZQUEZ
2/29/2016
Committee Referrals
Labor & Commerce2/24/2016
Full Bill Text
No bill text available