FORTY-EIGHTH LEGISLATUREHB 471/a

FIRST SESSION, 2007

March 14, 2007

Madam President:

    Your FINANCE COMMITTEE, to whom has been referred

HOUSE BILL 471, as amended

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On page 1, lines 23 and 24, strike "two thousand six hundred" and insert in lieu thereof "three thousand five hundred".

    2. On page 2, line 14, strike the first occurrence of "office" and insert in lieu thereof "branch".

    3. On page 2, lines 15 and 16, strike "at least eight hours a day,".

    4. On page 2, line 17, strike "credit" and insert in lieu thereof "banking" and strike "qualifying".

    5. On page 2, line 25, strike "office" and insert in lieu thereof "branch".

    6. On page 3, line 6, after "is", insert "not more than".

    7. On page 3, lines 8 and 9, strike "is authorized to make regulations and orders" and insert in lieu thereof "shall promulgate rules".

    8. On page 3, line 10, strike "Such regulations" and insert in lieu thereof "Those rules".

    9. On page 3, line 14, strike "and".

    10. On page 3, line 16, after "program", insert "; and" and a new paragraph to read:

             "(3) verification criteria for determining that a qualified depository institution participating in the linked deposit program is meeting the banking service needs of a financially at risk rural community".

                               Respectfully submitted,

                               __________________________________

                               John Arthur Smith, Co-Chair

                               Timothy Z. Jennings, Co-Chair

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 8 For 0 Against

Yes:     8

No:      0

Excused: Carraro, Rodriguez

Absent:  None

HB0471FC1                                                  .169154.2