SB 113-FINANCIAL INSTITUTION EXAMINATIONS/CFAB                                                                     
                                                                                                                                
CHAIR BUNDE announced SB 113 to be up for consideration.                                                                        
                                                                                                                                
MR.  MARK DAVIS,  Director, Division  of Banking,  Securities and                                                               
Corporations, reported information  about audited statements, but                                                               
the recording was indiscernible.                                                                                                
                                                                                                                                
CHAIR BUNDE thanked him and asked  if it is still accurate to say                                                               
that  extending the  audit schedule  from one  year to  18-months                                                               
will reduce the cost by about $126,000.                                                                                         
                                                                                                                                
MR. DAVIS replied yes.                                                                                                          
                                                                                                                                
SENATOR SEEKINS  moved to pass SB  113 with its fiscal  note from                                                               
committee with individual recommendations.                                                                                      
                                                                                                                                
The roll was called. SENATORS SEEKINS, FRENCH, STEVENS, DAVIS                                                                   
and BUNDE vote yea, therefore SB 113 moved from committee.