HB0159ham002 97TH GENERAL ASSEMBLY

Rep. Monique D. Davis

Filed: 4/4/2011

09700HB0159ham002 LRB097 05583 CEL 53828 a

AMENDMENT TO HOUSE BILL 159

AMENDMENT NO. ______. Amend House Bill 159, AS AMENDED, with reference to page and line numbers of House Amendment No. 1 as follows:

on page 9, by replacing lines 9 and 10 with the following: "proprietor, or any of his employees, or a licensed, regulated tax service approved by the Internal Revenue Service. For the purpose of this Section, "tax service" does not mean to make or offer to"; and

on page 10, line 1, by replacing "currency exchange" with "a currency exchange, group of currency exchanges, or association of currency exchanges currency exchange"; and

on page 10, line 5, by replacing "The currency exchange" with "A currency exchange, group of currency exchanges, or association of currency exchanges"; and

on page 10, line 7, after "public." by inserting the following: "Any approval under this Section shall be deemed an approval for all currency exchanges. Any currency exchange wishing to provide an additional service as approved by the Secretary must provide notice to the Secretary 30 days prior to offering the approved additional service to the public."; and

on page 10, line 9, by replacing "$100" with "$500"; and

on page 10, line 10, by replacing "30" with "60"; and

on page 10, by replacing lines 12 through 14 with the following:

"(b) (Blank). Nothing in this Act shall prevent a community currency exchange from selling candy, gum, other packaged foods, and soft drinks by means of vending machines on its premises."; and

on page 12, line 2, by replacing "$1,000 $500" with the following: "$500, prior to January 1, 2012. After January 1, 2012 the fee shall be $750. After January 1, 2014 the fee shall be $1,000."; and

on page 12, line 17, by replacing "$250" with "$200"; and

on page 17, line 23, by replacing "$4,000,000" with "$3,000,000 as of May 1, 2012, and not less than $4,000,000 as of May 1, 2014"; and

on page 29, line 5, by replacing "may" with "shall"; and

on page 29, line 24, by replacing "is $400" with "is $200, prior to January 1, 2012. After January 1, 2012 the fee shall be $300. After January 1, 2014 the fee shall be $400."; and

on page 31, by replacing lines 21 through 23 with the following:

"Prior to suspension or revocation of the license issued hereunder, the Director may but is not required to fine a licensee up to a maximum of $100 a day."; and

on page 32, line 11, by replacing "10" with "15"; and

on page 43, by replacing line 16 with the following:

"(b) Confidentiality. All information collected by the Department in the course of an"; and

on page 43, by replacing lines 18 through 20 with the following: "currency exchange or applicant, including, by not limited to, any complaint against an ambulatory or community currency exchange filed with the Department, and information collected to investigate any such complaint shall be"; and

on page 43, line 23, by deleting "the licensee,"; and

on page 44, by replacing lines 3 through 8 with the following: "by the agency for any purpose to any other agency or person. A formal complaint filed against a licensee by the Department or any order issued by the Department against a licensee shall be a public record, except as otherwise prohibited by law."; and

on page 51, line 24, after "Department." by inserting "The cease and desist order shall specify the activity or activities that the Department is seeking the currency exchange or other person doing business without the required license to cease and desist.".