SB 51 (2001): relative to financial holding companies, establishing a cash dispensing machines study committee, and relative to the participation in meetings by out-of-state, nondepository trust company directors, and clarifying the status of student loans.
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@misc{bill-2001-sb51, title = {SB 51 (2001): relative to financial holding companies, establishing a cash dispensing machines study committee, and relative to the participation in meetings by out-of-state, nondepository trust company directors, and clarifying the status of student loans.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2001/sb51}, note = {Accessed 24 Oct. 2026} }
SB 51 (2001)
relative to financial holding companies, establishing a cash dispensing machines study committee, and relative to the participation in meetings by out-of-state, nondepository trust company directors, and clarifying the status of student loans.
- Status: Signed into law
- Term: 2001-2002
- House committee: Commerce
- Senate committee: Banks
- Subject: Miscellaneous
- Chapter law: 263
The Story
It was introduced on January 4, 2001 and referred to the Senate Banks committee. The committee held a public hearing on May 8, 2001. The committee recommended that the Senate pass it with changes (amendment 1145). On May 9, 2001 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House and was referred to the House Commerce committee. The committee held a public hearing on May 23, 2001. The committee held a work session on May 30, 2001. The majority of the committee recommended that the House pass it with changes unanimously, 14–0, and the report was placed on the consent calendar. On June 7, 2001 the House voted to pass it with changes. On June 12, 2001 the Senate adopted “Request C of C” on a voice vote. On June 14, 2001 the House adopted “House Acceded to req for Conf Comm”. A committee of conference met on June 20, 2001 to try to settle the differences between the two chambers' versions of the bill. On June 26, 2001 the House adopted “Conf Comm Report”. On June 26, 2001 the Senate adopted “Conference Committee Report” on a voice vote. The bill was enrolled on June 26, 2001 — the final check of the text before it goes to the governor. The governor signed it on July 13, 2001, making it Chapter 263 of the session laws. It took effect on July 13, 2001.
Sponsors
- Sen. Sylvia Larsen (D - SD15) (prime sponsor)
- Rep. Tara Reardon (D - Merr 23)
Hearings and Sessions
- May 8, 2001, 8:50 AM: hearing, Senate Banks, LOB 103
- May 23, 2001, 11:30 AM: hearing, RM302,LOB
- May 30, 2001, 9:00 AM: subcommittee work session, RM302,LOB
- June 20, 2001, 9:00 AM: committee of conference, LOB 103
Votes
- May 9, 2001, Senate: Ought to Pass with Amendment — voice vote, passed
- June 12, 2001, Senate: Request C of C — voice vote, passed
- June 26, 2001, Senate: Conference Committee Report — voice vote, passed
The Docket
- January 4, 2001: Introduced and Ref. to Banks
- May 3, 2001: 5/3/2001 Introduced and ref to Commerce; HJ47, p1418
- May 8, 2001: Hearing; May 8, 2001, Room 103, LOB, 8:50 a.m.; SC20
- May 8, 2001: Committee Report; Ought to Pass with Amendment {1145}, (New Title), [05/09/01]; SC22-A, Pg.7-10
- May 9, 2001: Ought to Pass with Amendment {1145},(New Title), AA, VV; OT3rdg, MA, VV
- May 15, 2001: Copy to Chairman on 5/16/2001
- May 23, 2001: Hearing May 23 11:30 RM302,LOB
- May 29, 2001: ==CANCELLED==Subcom Work Session May 29 9:00 RM302,LOB
- May 30, 2001: Rescheduled Subcom Work Session May 30 9:00 RM302,LOB
- May 30, 2001: Maj Report OTP/AM for June 7 (vote 14-0;CC)
- May 30, 2001: Prop Comm Am{1366}(New Title); HC50, p1528-1529
- June 7, 2001: Passed with Am; HJ54, p1615-1616 + 1661
- June 12, 2001: Sen. Larsen Non Concur with House Am {1366}, (New Title), Request C of C, MA, VV
- June 12, 2001: President Appoints; Senators Burns, Fernald, Larsen
- June 14, 2001: House Acceded to req for Conf Comm, Rep Hess MA; HJ61, p1753
- June 14, 2001: (Spkr appts Reps: Hunt, L Fraser, Taylor & Keye)
- June 20, 2001: Conference Committee Meeting; June 20, 2001, Room 103, LOB, 9:00 a.m
- June 22, 2001: Conf Comm Report (House Am + New Am{1755}) Filed
- June 26, 2001: Conf Comm Report Adopted; HJ61, p1764
- June 26, 2001: Conference Committee Report Adopted, VV; SJ19, Pg.663
- June 26, 2001: Enrolled
- June 26, 2001: Enrolled; HJ61, p1807
- July 13, 2001: Signed by the Governor on 7/13/2001 Eff: 7/13/2001 Chap:0263
- July 27, 2001: Study Committee Members Appointed by President: Senators Larsen, Burns