(Week of Feb. 25 – March 3, 2010)
Senate Bill 477 will establish a centralized filing system for reports required to be filed with the Legislature, Legislative Manager, Legislative Auditor, the President of the Senate and the Speaker of the House of Delegates, or the Joint Committee on Government and Finance and require the reports to be filed electronically.
Senate Bill 548 will extend the time for the Board of Education of Boone County to meet as a levying body to present to the voters of Boone County the question of renewing an excess levy for schools.
House Bill 4037 will allow the State, any political subdivision of the State, and any other authorized governmental entity to issue “federal subsidy bonds.” A “federal subsidy bond” is financial aid given by the government, which will be exempt from taxes. The bill includes within the definition of federal subsidy bonds certain “Build America Bonds” authorized under the American Recovery and Reinvestment Act of 2009.
House Bill 4128 will adopt recent amendments to the National Association of Insurance Commissioners (NAIC) model regulation concerning the standards to be considered by the Insurance Commissioner in determining whether an insurer is in hazardous financial condition and to revise the corrective actions that the Commissioner may require of an insurer.
