| Notice Filed with SOS |
05/27/2016 |
| Rule |
ProposedRuleAttach2016-00255.pdf |
| Statutory Authority |
CRS 11-30-106(3) and 11-44-101.7(1)(b) |
| Description of Subjects/Issues |
Create new and amend existing rules with respect to the governance of state-chartered credit unions by authorizing the appointment of an audit committee in lieu of a supervisory committee and allowing for the reasonable compensation of a director for his or her service to the credit union. |
| Purpose/Objective of Rule |
Create new and amend existing rules with respect to the governance of state-chartered credit unions by authorizing the appointment of an audit committee in lieu of a supervisory committee and allowing for the reasonable compensation of a director for his or her service to the credit union. |
| Basis And Purpose |
BasisAndPurposeAttachment2016-00255.doc
|
| Comments |
Adopted by the Financial Services Board on July 8, 2016 |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
Yes
|
| Recent legislation bill number |
16-125
|
| Hearing Date |
07/08/2016 |
| Hearing Time |
11:00 AM |
| Hearing Location |
Colorado Division of Financial Services, 1560 Broadway, Suite 950, Denver, Colorado 80202 |
| Contact Name |
Patricia Salazar |
| Contact Title |
Commissioner of Financial Services |
| Contact Telephone |
303-894-7741 |
| Contact email |
patty.salazar@state.co.us |