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AR HB1378
Bill
Status
2/27/2025
Primary Sponsor
Howard Beaty
Click for details
AI Summary
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Replaces the Securities Commissioner with the Secretary of the Department of Transformation and Shared Services as a member of the State Board of Finance
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Reduces the quorum requirement for board meetings from seven (7) members to six (6) members
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Eliminates the requirement for the board to employ a chief compliance officer within the Treasurer of State's office
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Removes all provisions requiring the chief compliance officer to be employed by the board, work under the Treasurer of State's direction, and serve at the board's pleasure
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Approved on February 27, 2025 as Act 204 of the Regular Session
Legislative Description
To Amend The Composition And Meeting Requirements Of The State Board Of Finance; And To Repeal The Requirements For The Employment Of A Chief Compliance Officer By The State Board Of Finance.
Last Action
Notification that HB1378 is now Act 204
2/27/2025