No. HB 1463
Filed under Criminal Justice.
Financial Fraud; Creates Financial Crimes Intelligence Center within DLA; specifies purposes of center; authorizes certain agreements; requires agreement relating to appointment of director of center; specifies qualifications of director; provides that certain information is intellectual property of department; specifies powers & duties of center; authorizes center to take certain actions; requires annual report by certain date; requires that such report contain certain information; requires department to adopt rules.
Plain English Summary
AI-GENERATEDThe bill creates a new Financial Crimes Intelligence Center within the Department of Legal Affairs to coordinate responses to financial fraud, forgery, and check crimes.
The Attorney General must enter into an agreement with a law enforcement agency to appoint a director, who must be a licensed attorney or law enforcement officer.
Partner agencies that collect information under these agreements must transfer that data to the department upon termination of the agreement.
The center is authorized to release non-sensitive information to financial institutions, merchants, and the public to help prevent financial crimes.
AIEstablishes a new state entity within the Department of Legal Affairs to coordinate responses to financial fraud, forgery, and check crimes.
AIRequires the Department of Legal Affairs to enter into a formal agreement with a law enforcement or governmental agency to appoint a director who must be a licensed attorney or law enforcement officer.
AIMandates the director to submit an annual report to the department starting December 1, 2027, detailing operational plans, fraud statistics, geographic risk assessments, and expenditures.