The amendment proposed in HB 0942 aims to enhance the administrative efficiency of the State Treasurer's office. By streamlining the terminology used in the Bank Services Trust Fund Act, the bill serves to eliminate any potential confusion that may arise from outdated or incorrect phrasing. This change is expected to facilitate better communication and understanding among legal professionals, state officials, and the public regarding the provisions of the Act. While the changes are technical in nature, they can have significant implications for consistency in legal interpretation and application.
Summary
House Bill 0942 amends the State Treasurer's Bank Services Trust Fund Act by making a technical change regarding the short title of the act. The primary intent behind this bill is to clarify and simplify the language within the existing legislation, ensuring that the statute is easily understood and correctly referenced in legal and administrative contexts. Such technical modifications are often necessary to ensure that statutes remain relevant and comprehensible in light of ongoing legislative changes and updates.
Contention
There are no significant points of contention noted in the discussions or voting history related to HB 0942. Technical amendments such as those proposed by this bill tend to receive broad support as they do not alter substantive law or introduce new regulations. As the changes are primarily focused on improving the clarity of existing regulations, they are likely to be viewed favorably by both lawmakers and stakeholders in the financial sector.