Although HB 0748 does not introduce new regulatory frameworks or significantly change existing laws, the technical change serves an important function in the administrative operation of the Sales Finance Agency. By ensuring that the short title of the Act is correctly referenced, the bill supports legal precision and effective communication in the application of the law. These types of updates might seem trivial, but they are essential for maintaining the integrity of the legislative framework governing financial practices.
Summary
House Bill 0748 is an amendment to the existing Sales Finance Agency Act, introduced by Representative Emanuel 'Chris' Welch in the 104th General Assembly. The primary focus of the bill is to make a technical change in the text concerning the short title of the Act. Such amendments are usually aimed at clarifying existing legislation and ensuring that legal references remain accurate and up-to-date with current terminology and practices in law making.
Contention
As a technical change, HB 0748 is unlikely to ignite significant controversy or debate within the legislative assembly. However, any amendment, no matter how minor, could still prompt discussions among stakeholders involved in finance and regulatory compliance. Nonetheless, the bill aims to enhance clarity without affecting the substantive provisions or regulatory powers established under the Sales Finance Agency Act, thus minimizing points of contention.