REPEAL BANK REQUIREMENT - S.B. 1090: FLOOR ANALYSIS
Senate Bill 1090 (as reported without amendment)
Sponsor: Senator Glenn D. Steil
Committee: Government Operations
CONTENT
The bill would repeal Public Act 165 of 1865, which requires banks and bankers to stamp the word "counterfeit", "altered", or "worthless" on any bank bill that was counterfeit, altered, or worthless.
MCL 487.651-487.652 - Legislative Analyst: G. Towne
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
Date Completed: 3-21-00 - Fiscal Analyst: M. TyszkiewiczFloor\sb1090 - Bill Analysis @ http://www.state.mi.us/sfa
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.