Credit unions; board of directors compensation. (SB296)

Introduced By

Sen. Dave Marsden (D-Burke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to HB 813. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/03/2020Prefiled and ordered printed; offered 01/08/20 20102695D
01/03/2020Referred to Committee on Commerce and Labor
01/07/2020Impact statement from SCC (SB296)
01/20/2020Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally)
01/20/2020Committee substitute printed 20106137D-S1
01/22/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/23/2020Read second time
01/23/2020Reading of substitute waived
01/23/2020Committee substitute agreed to 20106137D-S1
01/23/2020Engrossed by Senate - committee substitute SB296S1
01/24/2020Read third time and passed Senate (39-Y 0-N) (see vote tally)
01/30/2020Impact statement from SCC (SB296S1)
02/18/2020Placed on Calendar
02/18/2020Read first time
02/18/2020Referred to Committee on Labor and Commerce
02/25/2020Reported from Labor and Commerce (20-Y 0-N) (see vote tally)
02/27/2020Read second time
02/28/2020Read third time
02/28/2020Passed House BLOCK VOTE (100-Y 0-N)
02/28/2020VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
03/05/2020Enrolled
03/05/2020Bill text as passed Senate and House (SB296ER)
03/05/2020Impact statement from SCC (SB296ER)
03/06/2020Signed by Speaker
03/07/2020Signed by President
03/12/2020Enrolled Bill Communicated to Governor on March 12, 2020
03/12/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
03/31/2020G Approved by Governor-Chapter 547 (effective 7/1/20)
03/31/2020G Acts of Assembly Chapter text (CHAP0547)