CREDIT UNION ACT REFERENCES - H.B. 4695 (H-1): FLOOR ANALYSIS
sans-serif">House Bill 4695 (Substitute H-1 as reported without amendment)
Sponsor: Representative Steve Tobocman
Senate Committee: Banking and Financial Institutions
CONTENT
The bill would amend Public Act 156 of 1851, which defines the powers and duties of county boards of commissioners, to replace a reference to Public Act 285 of 1925, which regulates credit unions, with a reference to the proposed “Credit Union Act”.
The bill is tie-barred to Senate Bill 496, which would repeal Public Act 285 of 1925 and create the “Credit Union Act”.
MCL 46.12a - Legislative Analyst: Patrick Affholter
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
Date Completed: 10-31-03 - Fiscal Analyst: Maria TyszkiewiczFloor\hb4695 - Bill Analysis @ www.senate.michigan.gov/sfa
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.