June 15, 1990
TO: STATE LIAISON COMMITTEE NO. 13-90
RE: INTERIM NEBRASKA LEGISLATIVE COMMITTEE TO
REVIEW SECURITIES FEES
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As you know, Nebraska is one of five states that has an
open-end fee for registration of securities and the Institute has
been working for the past several years to obtain a reasonable
fee cap in Nebraska. However, it appears that legislation
establishing a fee cap is unlikely to pass in the Nebraska
Legislature because of the negative revenue impact such would
have on the general fund.
Inasmuch as enactment of a fee cap is not feasible, the
Institute is pursuing other avenues for fee relief with the
Nebraska Legislature. An interim legislative study committee has
been formed to review securities fees this summer and we will be
submitting various proposals to the committee with respect to
registration fees paid by mutual funds.
The Institute is soliciting ideas on possible methods to
alleviate the fee burden in Nebraska from the Committee. Please
submit any comments or suggestions with respect to possible fee
changes to me by July 15, 1990.
We will keep you informed of further developments.
Patricia Louie
Assistant General Counsel