Amendments for HB25-1201
House Journal, March 4
1 HB25-1201 be amended as follows, and as so amended, be referred to
2 the Committee of the Whole with favorable
3 recommendation:
4
5 Amend printed bill, page 10, line 17, strike "INCLUDE AN" and substitute
6 "INCLUDE:
7 (I) AN".
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9 Page 10, line 21, strike "LAW." and substitute "LAW; OR".
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11 Page 10, before line 22 insert:
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13 "(II) A PERSON APPOINTED AS AN AGENT OF AN EMPLOYER FOR
14 PURPOSES OF PROVIDING PAYROLL PROCESSING SERVICES FOR WHICH THE
15 AGENT WOULD OTHERWISE NEED TO BE LICENSED, SO LONG AS ALL OF THE
16 FOLLOWING APPLY:
17 (A) THERE IS A WRITTEN AGREEMENT BETWEEN THE EMPLOYER
18 AND THE AGENT THAT DIRECTS THE AGENT TO PROVIDE PAYROLL
19 PROCESSING SERVICES ON THE EMPLOYER'S BEHALF;
20 (B) THE EMPLOYER HOLDS THE AGENT OUT TO EMPLOYEES AND
21 OTHER PAYEES AS PROVIDING PAYROLL PROCESSING SERVICES ON THE
22 EMPLOYER'S BEHALF; AND
23 (C) THE EMPLOYER'S OBLIGATION TO A PAYEE, INCLUDING AN
24 EMPLOYEE OR OTHER PARTY ENTITLED TO RECEIVE MONEY VIA THE
25 PAYROLL PROCESSING SERVICES PROVIDED BY THE AGENT, IS NOT
26 EXTINGUISHED IF THE AGENT FAILS TO REMIT THE MONEY TO THE PAYEE.".
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28 Page 13, line 15, strike "OR".
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30 Page 13, line 16, after "AMENDED;" add "OR AN ENTITY ORGANIZED
31 UNDER THE GENERAL BANKING, SAVINGS AND LOAN, OR CREDIT UNION
32 LAWS OF THIS STATE, ANOTHER STATE, OR THE UNITED STATES;".
33 Page 33, line 6, strike "NINETY" and substitute "SIXTY".
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35 Page 36, line 20, strike "NINETY" and substitute "THIRTY".
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