01RS SB22


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SB 22 (BR 215) - T. Buford

     AN ACT relating to banks.
     Amend KRS 287.180 to permit a bank to establish a branch within any state, the District of Columbia, or a territory of the United States.


     SCS - Retain the original provisions; amend KRS 287.900 to delete restriction on acquisition of greater than fifty percent of the voting securities of a bank if the bank was chartered after July 13, 1984 and was in existence less than five years at the time of acquisition.
     SFA (1, T. Buford) - Retain provisions of original; require the State Treasurer to accept letters of credit issued by federal home loan banks as collateral.
     HFA (1, J. Stacy) - Prohibit a bank located in a county of 29,000 or fewer persons from opening a branch in another county; prohibit banks from establishing a branch in a county of 29,000 or fewer persons.
     HFA (2, J. Stacy) - Amend KRS 287.102 to provide that banking activity does not include branch banking or the establishment of branch banks.

     Jan 2-introduced in Senate
     Jan 5-to Banking and Insurance (S)
     Feb 15-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Feb 16-2nd reading, to Rules
     Feb 19-posted for passage in the Consent Orders of the Day for Tuesday, February 20, 2001; taken from the Consent Orders of the Day, placed in the Regular Orders of the Day; floor amendment (1) filed to Committee Substitute
     Feb 20-3rd reading, passed 37-0 with Committee Substitute, floor amendment (1)
     Feb 21-received in House
     Feb 22-to Banking and Insurance (H)
     Feb 23-posted in committee
     Feb 28-reported favorably, 1st reading, to Calendar
     Mar 1-2nd reading, to Rules
     Mar 5-posted for passage in the Regular Orders of the Day for Tuesday, March 6, 2001
     Mar 6-floor amendments (1) and (2) filed
     Mar 7-3rd reading, passed 95-4; received in Senate
     Mar 8-enrolled, signed by each presiding officer, delivered to Governor
     Mar 15-signed by Governor (Acts ch. 112)

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