SENATE BILL NO. 126                                                                                                           
                                                                                                                                
     "An Act establishing an exemption for the offering and                                                                     
     sale of certain securities."                                                                                               
                                                                                                                                
9:07:34 AM                                                                                                                    
                                                                                                                                
SENATOR  MIA COSTELLO,  SPONSOR, mentioned  that there  were                                                                    
people available  for testimony in  the case that  there was                                                                    
questions from the committee members.                                                                                           
                                                                                                                                
Co-Chair  MacKinnon discussed  FN  1  (OMB component  2808),                                                                    
which showed  zero fiscal  impact for FY  17 through  FY 22.                                                                    
There was  no capital appropriation indicated;  but the bill                                                                    
would require  a regulation change,  which would  be drafted                                                                    
by December 1, 2016.                                                                                                            
                                                                                                                                
Vice-Chair Micciche  MOVED to report  CSSB 126 (L&C)  out of                                                                    
Committee   with   individual    recommendations   and   the                                                                    
accompanying fiscal  note. There being NO  OBJECTION, it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
SB  126 was  REPORTED  out  of committee  with  a "do  pass"                                                                    
recommendation  and  with   one  previously  published  zero                                                                    
fiscal note: FN 1(CED).                                                                                                         
                                                                                                                                
9:09:54 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:13:26 AM                                                                                                                    
RECONVENED