A BILL TO BE ENTITLED
AN ACT to amend the banking law of north carolina to increase the membership of the banking commission, as recommended by the legislative research commission study committee on banking law amendments.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 53C‑1‑4(58) reads as rewritten:
"(58)	Public member. – A member of the Commission who is not a practical banker, a consumer finance licensee, or a person licensed under Article 19B of Chapter 53 of the General Statutes and who is not at the time of appointment to the Commission, nor was within the five years preceding the appointment, an employee of a North Carolina financial institution."
SECTION 2.  G.S. 53C‑2‑1(a) reads as rewritten:
"(a)	The Commission consists of 17 members, including the State Treasurer, who shall serve as an ex officio member; 14 members appointed by the Governor; and two members appointed by the General Assembly under G.S. 120‑121, one of whom shall be appointed upon the recommendation of the President Pro Tempore of the Senate and one of whom shall be appointed upon the recommendation of the Speaker of the House of Representatives. The Governor shall appoint three practical bankers, one consumer finance licensee, one person licensed under Article 19B of Chapter 53, and nine public members to the Commission. The member appointed upon the recommendation of the President Pro Tempore of the Senate shall be a practical banker, and the member appointed upon the recommendation of the Speaker of the House shall be a practical banker. Members shall serve terms of four years. No individual shall serve more than two complete consecutive terms on the Commission. Any vacancy occurring in the membership of the Commission shall be filled by the appropriate appointing officer for the unexpired term, except that vacancies among members appointed by the General Assembly shall be filled in accordance with G.S. 120‑122. The appointed members of the Commission shall receive subsistence and travel expenses at the rates set forth in G.S. 120‑3.1. This compensation shall be paid from the revenues of the OCOB."
SECTION 3.  This act is effective when it becomes law.