The direct impact of SB0541 on state laws is relatively minimal, as it primarily addresses technical language rather than introducing new provisions or altering existing rights and responsibilities under the law. However, these types of amendments play a crucial role in the legal landscape by ensuring that all legislation is accurately titled and referenced, which is important for both legal adherence and public understanding.
Summary
SB0541, introduced by Senator Don Harmon, amends the State Treasurer's Bank Services Trust Fund Act. The primary focus of the bill is to implement a technical change to the short title of the existing Act. While the bill does not introduce any substantial new regulations or guidelines, it seeks to ensure clarity and precision in the language used within the legislative framework governing the Bank Services Trust Fund. Such amendments are essential to maintain effective legislative documentation and clarity in state finance laws.
Contention
Given the nature of SB0541 as a technical amendment, it has not surfaced significant points of contention during discussions. Generally, bills of this kind are not controversial, as they do not impose additional laws or restrictions but rather seek to refine existing legislation. However, the importance of such technical corrections should not be underestimated since they contribute to the overall effectiveness and functionality of finance-related statutes in the state.