Legislature(2001 - 2002)
2001-02-05 Senate Journal
No results found showing results without SB%20%2067
Full Journal pdf2001-02-05 Senate Journal Page 0270 The bill is patterned after federal law, but offers greater protection to depositor and consumer financial records. The state would use the more stringent practice of asking depositors and consumers to choose to allow specific disclosure of their records. Conversely, federal law and many other states allow disclosure unless the depositor or consumer specifically requests confidentiality. The bill also clarifies and updates existing statutes, partly in response to discussions with the financial industry. For example, the bill allows state banks to publish their financial reports in electronic form or in a local newspaper, and simplifies the procedure by which state banks obtain authority to install off-premises automated teller machines. The bill also removes the statutory limitation on the interest rate and fees state banks may charge on credit cards and grants credit unions the authority to issue credit cards. These provisions will keep Alaska banks competitive with out-of-state banks. As a means of modernizing Alaska's financial institutions, I urge your prompt and favorable action on this measure. Sincerely, /s/ Tony Knowles Governor SB 67 SENATE BILL NO. 67 BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR, entitled: "An Act relating to assisted living homes and to liability for acts or omissions in the licensing, monitoring, or supervision of assisted living homes; and providing for an effective date." was read the first time and referred to the Health, Education and Social Services, Judiciary and Finance Committees.