SB510 (2020) Compare Changes

The Bill Text indicates a repeal. This means the text being replaced is not available in the bill, and the unchanged text displayed is incomplete. The original text can be viewed by following the link to the RSA. Also, an accompanying re-enactment is not handled currently, and displayed in both unchanged and changed versions.
The Bill Text indicates a new section is being inserted. This situation is not handled right now, and the new text is displayed in both the changed and unchanged versions.

Unchanged Version

Text to be removed highlighted in red.

1 New Paragraph; FRM Victims' Contribution Recovery Fund. Amend RSA 359-P:2 by inserting after paragraph I the following new paragraph:

I-a. In addition to the funds contributed under paragraph I, the fund shall also consist of the amount contributed under RSA 421-B:6-601(j).

2 New Subparagraph; Uniform Securities Act; Administration of Chapter; Investor Education Fund. Amend RSA 421-B:6-601 by inserting after subparagraph (i) the following new subparagraph:

(j) Any excess of the funds credited to the general fund pursuant to paragraph (h) up to $500,000 per fiscal year shall be contributed to the FRM victims' contribution recovery fund established in RSA 359-P:2.

3 Repeal. The following are repealed:

I. RSA 359-P:2, I-a, relative to funds contributed pursuant to RSA 421-B:6-601(j).

II. RSA 421-B:6-601(j), relative to moneys contributed to the FRM victims' contribution recovery fund.

4 Effective Date.

I. Section 3 of this act shall take effect July 1, 2024.

II. The remainder of this act shall take effect June 30, 2020.

Changed Version

Text to be added highlighted in green.

1 New Paragraph; FRM Victims' Contribution Recovery Fund. Amend RSA 359-P:2 by inserting after paragraph I the following new paragraph:

I-a. In addition to the funds contributed under paragraph I, the fund shall also consist of the amount contributed under RSA 421-B:6-601(j).

2 New Subparagraph; Uniform Securities Act; Administration of Chapter; Investor Education Fund. Amend RSA 421-B:6-601 by inserting after subparagraph (i) the following new subparagraph:

(j) Any excess of the funds credited to the general fund pursuant to paragraph (h) up to $500,000 per fiscal year shall be contributed to the FRM victims' contribution recovery fund established in RSA 359-P:2.

3 Repeal. The following are repealed:

I. RSA 359-P:2, I-a, relative to funds contributed pursuant to RSA 421-B:6-601(j).

II. RSA 421-B:6-601(j), relative to moneys contributed to the FRM victims' contribution recovery fund.

4 Effective Date.

I. Section 3 of this act shall take effect July 1, 2024.

II. The remainder of this act shall take effect June 30, 2020.