SF 3174

Conference Committee Report - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1             CONFERENCE COMMITTEE REPORT ON S.F. NO. 3174 
  1.2                          A bill for an act 
  1.3             relating to commerce; creating a small business 
  1.4             category under the Money Transmitter Act; modifying 
  1.5             regulations; amending Minnesota Statutes 2001 
  1.6             Supplement, sections 53B.05, subdivision 1; 53B.08, 
  1.7             subdivision 1. 
  1.8                                                March 25, 2002
  1.9   The Honorable Don Samuelson 
  1.10  President of the Senate
  1.12  The Honorable Steve Sviggum 
  1.13  Speaker of the House of Representatives
  1.15     We, the undersigned conferees for S.F. No. 3174, report 
  1.16  that we have agreed upon the items in dispute and recommend as 
  1.17  follows: 
  1.18     
  1.19     That the House recede from its amendment and that S.F. No. 
  1.20  3174 be further amended as follows: 
  1.21     Page 1, line 10, before "Each" insert "Each licensee 
  1.22  engaging in money transmission in three or fewer locations in 
  1.23  the state, either directly or through authorized delegates, must 
  1.24  have a net worth of at least $25,000.  Each licensee engaging in 
  1.25  money transmission at more than three locations in the state, 
  1.26  but fewer than seven locations, either directly or through 
  1.27  authorized delegates, must have a net worth of at least $50,000."
  2.1      We request adoption of this report and repassage of the 
  2.2   bill. 
  2.5      Senate Conferees: 
  2.8   .........................     .........................
  2.9   Steve Kelley                  Mee Moua 
  2.12  .........................     
  2.13  Arlene J. Lesewski             
  2.18     House Conferees: 
  2.21  .........................     .........................
  2.22  Dan McElroy                   Bob Gunther 
  2.25  .........................     
  2.26  Karen Clark