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                                                      PRINTER'S NO. 2094

THE GENERAL ASSEMBLY OF PENNSYLVANIA


SENATE BILL

No. 1478 Session of 1998


        INTRODUCED BY GREENLEAF, HOLL, AFFLERBACH, EARLL AND LEMMOND,
           JUNE 12, 1998

        REFERRED TO BANKING AND INSURANCE, JUNE 12, 1998

                                     AN ACT

     1  Amending Title 15 (Corporations and Unincorporated Associations)
     2     of the Pennsylvania Consolidated Statutes, further providing
     3     for fees.

     4     The General Assembly of the Commonwealth of Pennsylvania
     5  hereby enacts as follows:
     6     Section 1.  Section 153(a)(8) of Title 15 of the Pennsylvania
     7  Consolidated Statutes is amended to read:
     8  § 153.  Fee schedule.
     9     (a)  General rule.--The fees of the Corporation Bureau of the
    10  Department of State, including fees for the public acts and
    11  transactions of the Secretary of the Commonwealth administered
    12  through the bureau, and of county filing officers under Title 13
    13  (relating to commercial code), shall be as follows:
    14         * * *
    15         (8)  Uniform Commercial Code:
    16             (i)  Financing statement - per debtor
    17         name:
    18                 (A)  State fee.....................            12

     1                 (B)  County fee....................            48
     2             (ii)  Each ancillary transaction:
     3                 (A)  State fee.....................            12
     4                 (B)  County fee....................            48
     5             (iii)  Search - per debtor name:
     6                 (A)  State fee.....................            12
     7                 (B)  County fee....................            48
     8             (iv)  Additional fee for each financing
     9         statement found and for each statement of
    10         assignment reported therein:
    11                 (A)  State fee.....................             1
    12                 (B)  County fee....................             4
    13             (v)  For each financing statement or
    14         ancillary transaction not filed on standard
    15         forms approved by the Department of State,
    16         in addition to the fee provided above,
    17         there shall be charged a per filing fee of:
    18                 (A)  State fee.....................            28
    19                 (B)  County fee....................           112
    20             (vi)  Seventy-five percent of the
    21         county fees collected pursuant to
    22         subparagraphs (i) through (v) shall be
    23         payable to the Commonwealth and shall be
    24         deposited in the General Fund.
    25             (vii)  Beginning on January 1, 1994,
    26         and each January 1 thereafter, the county
    27         fees under paragraph (8) shall be increased
    28         by the percentage of increase in the
    29         Consumer Price Index for Urban Workers for
    30         the immediate preceding calendar year which
    19980S1478B2094                  - 2 -

     1         shall be published in the Pennsylvania
     2         Bulletin annually by the Supreme Court on
     3         or before the preceding November 30. This
     4         subparagraph shall expire January 1, 2001.
     5             (viii)  Notwithstanding the provisions
     6         of this paragraph, the fee for a financing
     7         statement, ancillary transaction or search
     8         for transactions involving only consumer
     9         goods as defined in 13 Pa.C.S. § 9109
    10         (relating to classification of goods:
    11         "consumer goods"; "equipment"; "farm
    12         products"; "inventory") shall be $12.
    13         * * *
    14     Section 2.  This act shall take effect in 60 days.











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