AN ACT CONCERNING SECURED AND UNSECURED LENDING.


General Assembly		*Raised Bill No. 5299*
*February Session, 2006*		LCO No. 218
		00218_______BA_
Referred to Committee on Banks
Introduced by:
(BA )

AN ACT CONCERNING SECURED AND UNSECURED LENDING.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subdivision (21) of subsection (a) of section 36a-250 of the 2006 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2006):

(21) Make secured and unsecured loans and issue letters of credit, [as authorized by and subject to section 36a-260] except as otherwise expressly limited by sections 36a-261 to 36a-265, inclusive.

Sec. 2. Section 36a-260 of the general statutes is repealed. (Effective October 1, 2006)


This act shall take effect as follows and shall amend the following sections:
Section 1	October 1, 2006	36a-250(a)(21)
Sec. 2	October 1, 2006	Repealer section

Statement of Purpose:

To repeal a duplicative provision in the general statutes.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]