Bill Text: AZ HB2097 | 2014 | Fifty-first Legislature 2nd Regular | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Department of financial institutions; continuation

Spectrum: Moderate Partisan Bill (Republican 7-1)

Status: (Engrossed - Dead) 2014-04-23 - House minority caucus: Do pass [HB2097 Detail]

Download: Arizona-2014-HB2097-Engrossed.html

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House Engrossed

 

 

 

State of Arizona

House of Representatives

Fifty-first Legislature

Second Regular Session

2014

 

 

HOUSE BILL 2097

 

 

 

AN ACT

 

repealing section 41‑3014.10, Arizona Revised Statutes; amending title 41, chapter 27, article 2, Arizona Revised Statutes, by adding section 41‑3024.10; relating to the department of financial institutions.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Repeal

Section 41-3014.10, Arizona Revised Statutes, is repealed.

Sec. 2.  Title 41, chapter 27, article 2, Arizona Revised Statutes, is amended by adding section 41-3024.10, to read:

START_STATUTE41-3024.10.  Department of financial institutions; termination July 1, 2024

A.  The department of financial institutions terminates on July 1, 2024.

B.  Title 6 is repealed on January 1, 2025.END_STATUTE

Sec. 3.  Purpose

Pursuant to section 41‑2955, subsection B, Arizona Revised Statutes, the legislature continues the department of financial institutions to promote the public welfare by protecting the financial assets of the citizens of this state through the administration of this state's statutes that relate to financial institutions and enterprises.

Sec. 4.  Retroactivity

Sections 1 and 2 of this act are effective retroactively to July 1, 2014.