Provides for the fees for certain actions by legal entities
Impact
The changes brought about by HB830 are expected to impact the operational costs of businesses, particularly for those in the structured settlement industry. By implementing specific fees, the bill aims to regulate the registration and renewal processes more efficiently, which could lead to better oversight of these entities. The fee structure defined in the bill sets a baseline that ensures all corporate entities adhere to a standard financial obligation toward state regulation, fostering a more organized business environment.
Summary
House Bill 830, as enacted during the 2022 Regular Session, focuses on amending fees associated with various actions carried out by legal entities, specifically targeting limited liability companies and structured settlement purchase companies. The bill outlines specific fees for reserving, transferring, and terminating corporate names in addition to establishing a fee for registering structured settlement purchase companies. The intention behind HB830 is to streamline processes related to corporate governance and ensure that administrative costs are covered effectively.
Sentiment
The sentiment around HB830 appears to be largely positive among legislators, especially considering its unanimous passage in the Senate with a voting record of 31 yeas to none against on May 25, 2022. This consensus suggests that lawmakers generally view the bill as a necessary adjustment to improve the clarity and efficiency of business operations within the state. The absence of opposition indicates that the proposal was likely seen as a reasonable approach to updating outdated fee structures rather than a controversial legislative effort.
Contention
Notably, there is minimal contention surrounding HB830, as it primarily involves administrative fee adjustments rather than substantive changes to existing legal frameworks. The primary discussion points might center around how these fees impact smaller businesses or startups compared to larger corporate entities, but overall, the passage of HB830 has been characterized by bipartisan support and agreement on its necessity to improve state regulatory processes.