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MI HB5837

Bill

Official Source

Status

Passed

12/31/2012

Primary Sponsor

Kevin Cotter

Click for details

Origin

House of Representatives

96th Legislature

AI Summary

  • Amends 1973 PA 43 to revise statutory definitions for financial institutions authorized to process or handle food stamps
  • Updates "association" definition to reference the former savings and loan act of 1980 (1980 PA 307, section 108)
  • Updates "institution" definition to reference section 1202 of the banking code of 1999 (1999 PA 276, MCL 487.11202)
  • Updates "credit union" definition to reference section 102 of the credit union act (2003 PA 215, MCL 490.101 to 490.601)
  • Effective date is December 31, 2012, contingent upon enactment of House Bill No. 5835

Legislative Description

Financial institutions; savings and loan associations; handling and processing food stamps statute; revise citations. Amends sec. 1 of 1973 PA 43 (MCL 400.171). TIE BAR WITH: HB 5835'12

Financial institutions, generally

Last Action

Assigned Pa 450'12 With Immediate Effect 2012 Addenda

12/31/2012

Committee Referrals

Banking & Financial Institutions10/17/2012
Banking And Financial Services8/15/2012

Full Bill Text

No bill text available