SB 1078 Changes the custodian of the Statutory County Recorder's Fund
LR Number:4413L.02T Fiscal Note:4413-02
Committee:Financial and Governmental Organization
Last Action:07/11/02 - Signed by Governor Journal page:
Title:HCS SB 1078
Effective Date:August 28, 2002
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Current Bill Summary

HCS/SB 1078 - This act provides that the Director of the Department of Revenue shall be the custodian of the "Statutory County Recorder's Fund". Current law provides that the State Treasurer shall be custodian of the Fund. Moneys in the fund shall be deemed non-state funds.

This act provides that the Department of Revenue, not the Secretary of State, shall administer the Uniform Commercial Code transition fee trust fund, that a portion of filing fees will be deposited into the UCC transition fee trust fund, revises the duties of Secretary of State with regard to the fund, and provides that the moneys in the fund shall be deemed non-state funds.

This act is similar to SB 1030 (2002) and portions of SB 931 (2002).