Amendment H-8227 to HF 131

Filed March 19, 2024 in the House by

What it changes

1. Page 1, by striking lines 7 through 22 and inserting: ““
2. A credit union director shall not receive compensation for service as a director. However, a A credit union director may be reimbursed for reasonable expenses directly related to such service as a director . Subject to its bylaws, a credit union may provide compensation to members of the credit union’s board, elected pursuant to section 533.204, in an amount not to exceed sixteen thousand dollars per year per board member for a credit union with one billion dollars or greater in assets, or not to exceed eight thousand dollars per year per board member for a credit union with less than one billion dollars in assets.””

Official amendment (PDF) · In the Bill Book