SB 219 — Revises provisions relating to certain regulatory bodies. (BDR 54-646)

REQUIRESSenate TWO-THIRDSBill MAJORITYNo. VOTE (§ 2) (Reprinted with amendments adopted on April 18, 2019) FIRST REPRINT S.B.

219219–Senator SENATESettelmeyer BILLCHAPTER.......... NO .

219–SENATOR SETTELMEYER FEBRUARY 18, 2019 ____________ Referred to Committee on Commerce and Labor SUMMARY—Revises provisions relating to certain regulatory bodies.

(BDR 54-646) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

Yes.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

Under existing law, regulatory bodies are state agencies, boards or commissions which have the authority to regulate an occupation or profession suchpursuant regulatory body to entertitle into54 or participate in a contract to accept payments of feesNRS. by credit card, debit card or the electronic transfer of money and authorizes such a regulatory body to charge and collect a convenience fee for the acceptance of such forms of payment under certain circumstances.

(NRS 622.060) Section 32 of this bill providesauthorizes thateach if such a regulatory body hasto establishedenter andinto depositedor moneyparticipate in ana internalcontract controls relating to anyaccept withdrawalspayments fromof such ana account, including atten regular review of the expenditures of the regulatory body byto twocharge ofand itscollect membersa andconvenience quarterlyfee reviewsfor by the regulatoryacceptances bodyof such forms of itspayment financialunder statements.certain circumstances.

Section 3 of this bill provides that if such a regulatory body has established and deposited money in an account in a financial institution, then the regulatory body must establish written regular review of the expenditures of the regulatory body by two of its members and quarterly reviews by the regulatory body of its financial statements.

EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

- *SB219_R1* – 2 – (a) Enter into a contract with an issuer of credit cards or debit cards or an operator of a system that provides for the electronic transfer of money to provide for the acceptance of credit cards, debit cards or electronic transfers of money by the regulatory body for the payment of money owed to the regulatory body for a fee, fine or other assessment authorized by law;

If the issuer or operator charges the regulatory body a fee for each use of a credit card or debit card or for each electronic transfer of money, the regulatory body may require the cardholder or the person requesting the electronic transfer of money to pay a - 80th Session (2019) – 2 – convenience fee.

(b) “Convenience fee” means a fee paid by a cardholder or personbody requestingfor the electronicconvenience transfer of moneyusing to a regulatory the electroniccredit transfer of money to make such payment.ebit card or (c)debit “Creditcard card” means any instrument or device, whether with or without a fee by an issuer for the useelectronic transfer of themoney cardholderto inmake obtainingsuch money,payment. property, goods, services or anything else of value on credit.

(c) “Credit card” means any instrument or device, whether known as a credit card or credit plate or by any other name, issued with or without a fee by an issuer for the use of the cardholder in obtaining money, property, goods, services or anything else of value on credit.

If a regulatory body has established and deposited money in an account in a bank, credit union, savings and loan association or savings bank, the regulatory body must establish written internal controls with respect to any withdrawals from the account, which must include, without limitation:limitation:thdrawals from the 1.

- *SB219_R1* – 3 – 1.

Each member who participates in such a review shall prepare a signed and dated attestation regarding his or her participation, which the regulatory body shall retain for its her records.

- 80th Session (2019) – 3 – Sec.

(Deleted by amendment.) Sec.for the purpose of adopting regulations and performing anyroval preliminary administrative tasks that are necessary to carry out the provisions of this act, and on January 1, 2020, for all other purposes.

5.~~~~~ 19 - 80th Session (2019)

This act becomes effective upon passage and approval for the purpose of adopting regulations and performing any preliminary administrative tasks that are necessary to carry out the provisions of this act, and on January 1, 2020, for all other purposes.

H - *SB219_R1*