Extends the effectiveness of the state charter advisory board

This bill extends the expiration date of the state charter advisory board from October 3, 2026, to October 3, 2031. The advisory board directly impacts financial service providers by offering guidance on chartering and regulating financial institutions. By amending the Financial Services Law, the legislation ensures the board continues to operate for an additional five years before its provisions are repealed. This change allows the board to maintain its oversight role without requiring immediate legislative renewal.