Bills · 2023-2024 Regular Session
Relating to: eliminating an obsolete provision relating to the state treasurer (suggested as remedial legislation by the Office of the State Treasurer).
Banking division of Statutes — Revision Sterilization Treasurer — State
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill eliminates an obsolete provision relating to the duties of the state
treasurer.
Under current law, a bank may place its affairs and assets under the control of
the Division of Banking in the Department of Financial Institutions, which takes
possession of the bank. The bank must pay the Division the actual cost of the
liquidation proceedings and the Division must transfer to the state treasurer the
amount paid.
In
2003 Wisconsin Act 33
, the state treasurer's duty to have custody of moneys
paid into the state treasury was eliminated.
This bill eliminates the requirement that the Division transfer the amounts
described above to the state treasurer.
For further information, see the
Notes
provided by the Law Revision
Committee of the Joint Legislative Council.
Sponsors
Introduced by: Law Revision Committee
Full history
- Feb 21, 2024 · Senate
Introduced by Law Revision Committee
- Feb 21, 2024 · Senate
Read first time and referred to Committee on Senate Organization
- Feb 21, 2024 · Senate
Available for scheduling
- Apr 15, 2024 · Senate
Failed to pass pursuant to Senate Joint Resolution 1