GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2017
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HOUSE BILL DRH40035-MU-13 (02/01)
Short Title: Amend Banking Commission Membership. |
(Public) |
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Sponsors: |
Representatives Hardister, Jordan, K. Hall, and Goodman (Primary Sponsors). |
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Referred to: |
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A BILL TO BE ENTITLED
AN ACT to amend the membership of the banking commission.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 53C‑1‑4(58) reads as rewritten:
"(58) Public member. – A
member of the Commission who is not a practical banker or banker, a
consumer finance licensee licensee, or a person licensed under
Article 19B of Chapter 53 of the General Statutes and who is not at the
time of appointment to the Commission, nor was within the five years preceding
the appointment, an employee of a North Carolina financial institution."
SECTION 2. G.S. 53C‑2‑1(a) reads as rewritten:
"(a) The Commission
consists of 15 members, including the State Treasurer, who shall serve as an ex
officio member; 12 members appointed by the Governor; and two members appointed
by the General Assembly under G.S. 120‑121, one of whom shall be
appointed upon the recommendation of the President Pro Tempore of the Senate
and one of whom shall be appointed upon the recommendation of the Speaker of
the House of Representatives. The Governor shall appoint three practical
bankers, one consumer finance licensee, one person licensed under Article 19B
of Chapter 53 of the General Statutes, and eight seven public
members to the Commission. The member appointed upon the recommendation of the
President Pro Tempore of the Senate shall be a practical banker, and the member
appointed upon the recommendation of the Speaker of the House shall be a
practical banker. Members shall serve terms of four years. No individual shall
serve more than two complete consecutive terms on the Commission. Any vacancy
occurring in the membership of the Commission shall be filled by the
appropriate appointing officer for the unexpired term, except that vacancies
among members appointed by the General Assembly shall be filled in accordance
with G.S. 120‑122. The appointed members of the Commission shall
receive subsistence and travel expenses at the rates set forth in G.S. 120‑3.1.
This compensation shall be paid from the revenues of the OCOB."
SECTION 3. When the changes to G.S. 53C‑2‑1, as enacted by Section 2 of this act, become effective, the position on the Commission held by Donald E. Fader shall convert to a position assigned for a licensee under Article 19B of Chapter 53 of the General Statutes. Donald E. Fader shall continue on the Commission as the designated licensee under Article 19B of Chapter 53 of the General Statutes for his remaining term, which is scheduled to expire April 1, 2017, or until he resigns or ceases to meet the definition of a licensee under Article 19B of Chapter 53 of the General Statutes, whichever occurs first. The terms of the remaining members appointed by the Governor shall expire under the current schedule, and the Governor shall make appointments to fill vacancies as they occur.
SECTION 4. This act is effective when it becomes law.