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HB76 (BR141) - S. Riggs, J. Miller, B. Montell, R. Palumbo

     AN ACT relating to securities.
     Create a new section of KRS 292.410 to 291.415 to establish requirements for an exemption to the Securities Act of 1933 for investments not to exceed $10,000 by Kentucky residents via the Internet, offered by an issuer that is a business entity organized and authorized under Kentucky law and in accordance with the Federal Jobs Act of 2012, with the total of investments not to exceed a total of $1 million or $2 million depending on whether the issuer has undergone a financial audit for the recently completed fiscal year; create a new section of KRS 292.410 to 291.415 to establish requirements for Internet Web site operators who operate a Web site for the sale of securities, pursuant to Section 1 of this Act, including registration with and examination by the commissioner of the Department of Financial Institutions; designate the Acts as the Kentucky Intrastate Crowdfunding Exemption.


HB76 - AMENDMENTS

     HCS1 - Make technical corrections.
     SCS1 - Keep original provisions, but add language disclosing to investors that they may lose their entire investment.

     Dec 09, 2014 - Prefiled by the sponsor(s).
     Jan 06, 2015 - introduced in House; to Banking & Insurance (H)
     Feb 06, 2015 - posted in committee
     Feb 11, 2015 - reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Feb 12, 2015 - 2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Tuesday, February 17, 2015; taken from the Consent Orders of the Day, placed in the Regular Orders of the Day for Friday, February 13, 2015
     Feb 13, 2015 - 3rd reading, passed 96-0 with Committee Substitute ; received in Senate
     Feb 19, 2015 - to Banking & Insurance (S)
     Mar 03, 2015 - reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Mar 04, 2015 - 2nd reading, to Rules
     Mar 09, 2015 - posted for passage in the Consent Orders of the Day for Monday, March 9, 2015; passed over and retained in the Consent Orders of the Day
     Mar 11, 2015 - 3rd reading, passed 36-0 with Committee Substitute ; received in House; to Rules (H); posted for passage for concurrence in Senate Committee Substitute ; House concurred in Senate Committee Substitute ; Bill passed 96-0; enrolled, signed by each presiding officer; delivered to Governor
     Mar 19, 2015 - signed by Governor (Acts, ch. 024)