SB45-SSA1-SA1,372,22 977. Page 1186, line 9: after that line insert:

SB45-SSA1-SA1,372,23 " Section 2336u. 200.01 (2) of the statutes is amended to read:

SB45-SSA1-SA1,373,18 200.01 (2) "Public service corporation" means and embraces every corporation, except municipalities and other political subdivisions, which is a public utility as defined in s. 196.01, and every corporation which is a railroad as defined in s. 195.02, but shall not include a public utility corporation receiving an annual gross revenue of less than $1,000 for the calendar year next preceding the issuance of any securities by it. "Public service corporation" includes a holding company, as defined under s. 196.795 (1) (h), which is a public utility, as defined under s. 196.01 (5). "Public service corporation" does not include a telecommunications utility, as defined in s. 196.01 (10). "Public service corporation" does not include any other holding company unless the holding company was formed after November 28, 1985, and unless the commission has determined, under s. 196.795 (7) (a), that each nonutility affiliate, as defined under s. 196.795 (1) (j), does not and cannot reasonably be expected to do at least one of the items specified in s. 196.795 (7) (a). "Public service corporation" does not include a company, as defined in s. 196.795 (1) (f), which owns, operates, manages or controls a telecommunications utility, as defined in s. 196.01 (10), unless such company also owns, operates, manages or controls a public utility which is not a telecommunications utility. "Public service corporation" does not include a transmission company, as defined in s. 196.485 (1) (ge).".

SB45-SSA1-SA1,373,19 978. Page 1193, line 3: after that line insert:

SB45-SSA1-SA1,373,20 " Section 2344a. 221.0303 (2) of the statutes is amended to read:

SB45-SSA1-SA1,374,17 221.0303 (2) Operation and acquisition of customer bank communications terminals. A bank may, directly or indirectly, acquire, place and operate, or participate in the acquisition, placement and operation of, at locations other than its main or branch offices, customer bank communications terminals, in accordance with rules established by the division. The rules of the division shall provide that any such customer bank communications terminal shall be available for use, on a nondiscriminatory basis, by any state or national bank and by all customers designated by a bank using the terminal. This subsection does not authorize a bank which has its principal place of business outside this state to conduct banking business in this state. The customer bank communications terminals also shall be available for use, on a nondiscriminatory basis, by any credit union, savings and loan association or savings bank, if the credit union, savings and loan association or savings bank requests to share its use, subject to rules jointly established by the division of banking, the office of credit unions and the division of savings and loan. The joint rules shall prohibit a state or national bank that owns or operates a customer bank communications terminal from charging a person a fee for a transaction using that customer bank communications terminal, unless the transaction relates to or affects an account held by that person with that bank. The division by order may authorize the installation and operation of a customer bank communications terminal in a mobile facility, after notice and hearing upon the proposed service stops of the mobile facility.".

SB45-SSA1-SA1,374,18 979. Page 1193, line 3: after that line insert:

SB45-SSA1-SA1,374,19 " Section 2343d. 220.06 (1) of the statutes is amended to read:

SB45-SSA1-SA1,374,21 220.06 (1) In this section, "licensee" means a person licensed by the division under ch. 138, 217 or 218 or under s. 224.92.".

SB45-SSA1-SA1,374,23 980. Page 1193, line 10: delete that line and substitute "The department may by rule establish fees to be".

SB45-SSA1-SA1,374,24 981. Page 1193, line 17: delete lines 17 to 19.

SB45-SSA1-SA1,375,1 982. Page 1193, line 19: after that line insert:

SB45-SSA1-SA1,375,3 " Section 2353d. Subchapter IV of Chapter 224 [precedes 224.90] of the statutes is created to read:

SB45-SSA1-SA1,375,4 Chapter 224

SB45-SSA1-SA1,375,7 Subchapter IV Nondepository small business lenders

SB45-SSA1-SA1,375,8 224.90 Definitions. In this subchapter:

SB45-SSA1-SA1,375,9 (1) "Division" means the division of banking.

SB45-SSA1-SA1,375,10 (2) "In control" means any of the following:

SB45-SSA1-SA1,375,12 (a) Owning 10% or more of the outstanding voting stock of a nondepository lender.

SB45-SSA1-SA1,375,16 (b) Possessing, directly or indirectly, alone or in concert with others, the power to control or vote 10% or more of the outstanding voting stock of a nondepository lender or to elect or control the election of a majority of the board of directors of a nondepository lender.

SB45-SSA1-SA1,375,17 (3) "Licensee" means a lender licensed under this subchapter.

SB45-SSA1-SA1,375,21 (4) "Nondepository lender" means a lender that, in the ordinary course of business, provides loans that are guaranteed by the U.S. small business administration under 15 USC 636 (a) to small businesses. "Nondepository lender" does not include a bank, credit union, savings and loan association or savings bank.

SB45-SSA1-SA1,375,23 224.92 License required. No person may engage in business as a nondepository lender in this state without a license issued under this subchapter.

SB45-SSA1-SA1,376,8 224.923 License application. An application for a license under this subchapter shall be made to the division in writing on a form to be prescribed by the division. An application for a license under this subchapter shall state the full name and business address of the applicant and each officer, director and person in control of the applicant. The application also shall contain the applicant's federal employer identification number. In addition, the application shall contain the applicant's business plan, 3 years of detailed financial projections and other relevant information, all as prescribed by the division.

SB45-SSA1-SA1,376,11 224.927 Disclosure of certain application information. The division may not disclose an applicant's federal employer identification number received under s. 224.923, except as follows:

SB45-SSA1-SA1,376,13 (1) The division may disclose the information to the department of revenue for the sole purpose of requesting certification under s. 73.0301.

SB45-SSA1-SA1,376,15 (2) The division may disclose the information to the department of workforce development in accordance with a memorandum of understanding under s. 49.857.

SB45-SSA1-SA1,376,21 224.93 License approval. After a review of information regarding the directors, officers and controlling persons of the applicant for a license, a review of the applicant's business plan, including at least three years of detailed financial projections and other information considered relevant by the division, the division may approve an application for a license if the division determines that all of the following conditions are met:

SB45-SSA1-SA1,376,23 (1) The applicant has at least $500,000 in capital and the amount of capital is adequate for the applicant to transact business as a nondepository lender.