1.1                          A bill for an act 
  1.2             relating to occupations and professions; providing for 
  1.3             biennial license renewal for individual certified and 
  1.4             licensed public accountants; amending Minnesota 
  1.5             Statutes 1994, sections 326.20, subdivision 1; and 
  1.6             326.22, subdivision 2. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1994, section 326.20, 
  1.9   subdivision 1, is amended to read: 
  1.10     Subdivision 1.  [LICENSE RENEWAL OF CERTIFIED PUBLIC 
  1.11  ACCOUNTANTS AND LICENSED PUBLIC ACCOUNTANTS.] Every holder of a 
  1.12  certified public accountant license or a licensed public 
  1.13  accountant license issued by the board, if engaged, or intending 
  1.14  to be engaged, in public practice within this state at any time 
  1.15  during a the ensuing two calendar year years shall renew the 
  1.16  license at biennial intervals as prescribed by the board by rule.
  1.17     The board shall, upon application made by any holder of an 
  1.18  unrevoked Minnesota license as a certified public accountant or 
  1.19  license as a licensed public accountant, renew the license which 
  1.20  shall be good for a period prescribed by the board, unless the 
  1.21  said certificate or license shall sooner be revoked.  Interim 
  1.22  licenses shall be issued to individuals who have satisfied the 
  1.23  provisions of sections 326.17 to 326.229 within the year 
  1.24  two-year renewal period. 
  1.25     Sec. 2.  Minnesota Statutes 1994, section 326.22, 
  1.26  subdivision 2, is amended to read: 
  2.1      Subd. 2.  [ANNUAL LICENSE FEE.] Each person or partnership 
  2.2   to whom a license is issued shall pay a renewal fee at the rate 
  2.3   set by the board for such year the period of licensure or 
  2.4   registration. 
  2.5      Sec. 3.  [EFFECTIVE DATE.] 
  2.6      Sections 1 and 2 are effective January 1, 1997.