South Carolina General Assembly
116th Session, 2005-2006

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A331, R366, S1363

STATUS INFORMATION

General Bill
Sponsors: Senator Martin
Document Path: l:\s-jud\bills\martin\jud0081.lam.doc

Introduced in the Senate on April 20, 2006
Introduced in the House on May 2, 2006
Passed by the General Assembly on May 31, 2006
Became law without Governor's signature, June 7, 2006

Summary: Broker-dealer renewal fee

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/20/2006  Senate  Introduced, read first time, placed on calendar without 
                        reference SJ-3
   4/26/2006  Senate  Read second time SJ-32
   4/27/2006  Senate  Read third time and sent to House SJ-33
    5/2/2006  House   Introduced and read first time HJ-23
    5/2/2006  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-23
   5/24/2006  House   Recalled from Committee on Labor, Commerce and Industry 
                        HJ-74
   5/24/2006  House   Referred to Committee on Judiciary HJ-74
   5/25/2006  House   Recalled from Committee on Judiciary HJ-36
   5/30/2006  House   Read second time HJ-168
   5/31/2006  House   Read third time and enrolled HJ-30
   5/31/2006          Ratified R 366
    6/7/2006          Became law without Governor's signature
   6/12/2006          Copies available
   6/12/2006          Effective date 06/07/06
   6/16/2006          Act No. 331

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/20/2006
4/20/2006-A
5/25/2006

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A331, R366, S1363)

AN ACT TO AMEND SECTION 35-1-405, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SOUTH CAROLINA UNIFORM SECURITIES ACT OF 2005, FEDERAL COVERED INVESTMENT ADVISER NOTICE FILING REQUIREMENTS, SO AS TO PROVIDE THE CORRECT CITATION; AND TO AMEND SECTION 35-1-702, RELATING TO FEES, SO AS TO PROVIDE THAT THE CORRECT FEE FOR A BROKER-DEALER RENEWAL IS ONE HUNDRED TEN DOLLARS.

Be it enacted by the General Assembly of the State of South Carolina:

Citation changed

SECTION    1.    Section 35-1-405(c) of the 1976 Code, as added by Act 110 of 2005, is amended to read:

"(c)    A person acting as a federal covered investment adviser, not excluded under subsection (b), shall file a notice, a consent to service of process complying with Section 35-1-611, and such records as have been filed with the Securities and Exchange Commission under the Investment Advisers Act of 1940 required by rule adopted or order issued under this chapter and pay the fees specified in Section 35-1-410(a)."

Fee increased

SECTION    2.    Section 35-1-702(a)(9) of the 1976 Code, as added by Act 110 of 2005, is amended to read:

"(9)    Broker-Dealer Agent (renewal or change of registration filing fee): One hundred ten dollars"

Time effective

SECTION    3.    This act takes effect upon approval by the Governor.

Ratified the 31st day of May, 2006.

Became law without the signature of the Governor -- 6/7/06.

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