(February 23 – March 1)
Senate Bill 216 will continue the Women’s Commission through July 1, 2008 unless sooner terminated, continued or reestablished. The Women’s Commission is funded through the West Virginia Department of Health and Human Resources.
Senate Bill 244 relates to state-chartered banks’ investment limitations. Unless waived in writing by the commissioner, a state-chartered bank may not invest or otherwise expend more of its capital and surplus calculated at the end of the previous calendar year on permitted activities on an aggregate basis, together with any of its approved financially related products and services than would be allowed for a national bank providing the same services.
Senate Bill 270 will make it so after July 1, 2006, when a vacancy occurs among the executive officers of state banking institutions the Banking Commissioner will list all state banking institutions according to each bank’s asset size and then divide the list into three groups so that there is an equal number of banking institutions in each group. The vacancy will then be filled from the appropriate group to ensure that each group has a representative on the board.
Senate Bill 370 will add equipment, machinery, implements, vehicles, supplies, crops and livestock used to engage in commercial farming to property that is exempt from taxation in relation to farming equipment and livestock.
Senate Bill 454 will remove the Commissioner of Insurance as the attorney in fact for health maintenance organizations (HMO) for service involving process purposes. An attorney in fact is a person who holds power of attorney, and therefore is legally designated to transact business and execute documents on behalf of another person.
