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2001 SESSION

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SB 1080 Public Accountancy Act.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Public Accountancy. Establishes the Board of Accountancy (Board) as an independent board. Currently the Board is located operationally within the Department of Professional and Occupational Regulation (Department). The bill provides for the appointment of an executive director and staff for the Board, and generally vests the Board with the authority to regulate the public accounting profession. The bill also provides for the Department and the Board to enter into an agreement to transfer from the Department to the Board tangible personal property and records relevant to the transfer of duties and powers, and provide for the orderly and expeditious transfer of administrative and other responsibilities no later than December 31, 2001. In addition, the bill (i) requires the transfer of funds from the Department to the Board of Accountancy Fund established to support the operations of the Board, (ii) provides an two-year exemption from the Administrative Process Act for the promulgation of regulations pertaining to fees for licenses and certifications, (iii) provides that existing regulations promulgated by the Board of Accountancy shall remain in effect and continue to apply to licensees and certificate holders licensed or certified by the Board of Accountancy after July 1, 2001, and (iv) clarifies that current members of the Board whose terms have not expired as of July 1, 2001, are not affected.


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