HB1095
An Act For The Department Of Commerce - State Bank Department And State Securities Department Appropriation For The 2025-2026 Fiscal Year.
AI-Generated Summary
This bill, House Bill 1095, makes an appropriation for the personal services and operating expenses for the Department of Commerce's State Bank Department and State Securities Department for the fiscal year ending June 30, 2026. It establishes maximum numbers of regular and extra help employees for both departments, detailing specific positions and salary grades. The bill appropriates funds for regular salaries, extra help, personal services matching, and various maintenance and general operation expenses for the State Bank Department. It also appropriates funds for the State Securities Department's personal services, extra help, maintenance and operations, refunds and reimbursements, and investor education initiatives. The bill emphasizes compliance with existing fiscal control laws and states legislative intent to align fund disbursement with budget recommendations. It declares an emergency to ensure the act's effectiveness by July 1, 2025, for the proper administration of governmental programs.
Potential Impact Analysis
Who Might Benefit?
["The primary beneficiaries of this bill are the employees of the Department of Commerce's State Bank Department and State Securities Department, whose salaries and operational needs are being funded. The departments themselves will benefit from the allocated appropriations, enabling them to maintain and potentially expand their operations, including regulatory functions and investor education. Taxpayers may indirectly benefit from the continued functioning of these departments in overseeing financial institutions and protecting investors. Additionally, individuals and entities subject to the regulations of these departments may experience continuity in services and processes."]
Who Might Suffer?
['This bill does not appear to directly and negatively impact any specific groups or entities. The appropriations are for the functioning of state government departments. Potential indirect negative impacts could be borne by taxpayers if these appropriations are deemed excessive or inefficiently managed, or by entities regulated by these departments if increased enforcement or regulatory scrutiny results from enhanced operational capacity. However, the bill text itself does not outline provisions that would cause direct negative consequences for identifiable parties outside of the normal course of government operations and regulation.']