SB2303 Summary

• Renames the "Division of Corporations Special Operations Fund" to the "Department of Business Services Special Operations Fund" and modifies the annual transfer requirement to transfer excess balances above $600,000 to the General Revenue Fund on or before August 31 each year.

• Amends the Corporate Franchise Tax Refund Fund to require transfer of excess balances above $100,000 to the General Revenue Fund on or before August 31 each year instead of within a reasonable time after June 30.

• Modifies the Division of Corporations Limited Liability Partnership Fund to require transfer of excess balances above $200,000 to the General Revenue Fund on or before August 31 each year.

• Maintains fee schedules for expedited business services, including certificates of good standing ($20), articles of incorporation ($100), and merger filings ($200).