Digest of Bills - 2005

FINANCIAL INSTITUTIONS

S.B. 05-26 Sales of securities - regulatory authority - attorney general - funding. Clarifies that the investigation of criminal violations of the laws regulating the sale of securities is the primary responsibility of the attorney general, concurrently with the district attorneys of the state. Allocates a portion of the registration fees and other fees collected under the securities laws to the department of law for the purpose of investigating and prosecuting such violations.

APPROVED by Governor June 1, 2005
EFFECTIVE June 1, 2005

S.B. 05-233 Public securities - interest rate exchange agreement - voter approval. Allows public entities to enter into an interest rate exchange agreement to lock in interest rates once they receive voter approval for proposed public securities rather than waiting until a binding sale contract has been entered into.

APPROVED by Governor June 1, 2005
EFFECTIVE June 1, 2005

H.B. 05-1003 Financial institutions - assessments. Changes the time that the commissioner of financial services ("commissioner") shall assess each savings and loan association fee for costs associated with administration, examination, and supervision from June 30 of each year to at least semiannually. Allows the commissioner to set dates for when the fees are collected. Allows the commissioner to estimate a per diem rate to be charged for the examination of each association. Repeals the $100 minimum required assessment for public depositories. Repeals the fee assessed to cover the costs for processing and reviewing annual reports by the commissioner. Makes the process of collecting fees from a provider of services pursuant to a life care contract consistent with fee assessments for savings and loan institutions.

APPROVED by Governor February 23, 2005
EFFECTIVE February 23, 2005

 

Session Laws of Colorado Digest of Bills General Assembly State of Colorado


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