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Committee backs increase in securities filing fees; auditor projects $2 million boost
Summary
The committee reported committee substitute for Senate Bill 677, raising fees collected by the State Auditor acting as securities commissioner; the auditor said the change could bring roughly $2 million in additional revenue.
The Senate Finance Committee voted March 27 to report the committee substitute for Senate Bill 677 to the full Senate with a recommendation that it pass.
Senate Bill 677 would raise fees charged by the state auditor in his role as securities commissioner under the Uniform Securities Act. Committee counsel told the committee the bill increases several application and renewal fees—including raising an agent of a broker-dealer application and renewal…
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