HB 1053 Summary

• Establishes a maximum of 72 regular employees for the Department of Commerce - State Bank Department for fiscal year 2022-2023, including positions from State Bank Commissioner (Grade SE04) to Administrative Specialist III (Grade GS04)

• Authorizes one (1) temporary or part-time employee ("Extra Help") at rates of pay not to exceed those provided in the Uniform Classification and Compensation Act

• Appropriates $10,655,808 from the Bank Department Fund for fiscal year 2022-2023, consisting of $6,508,215 for regular salaries, $1,889,997 for personal services matching, and $1,668,371 in operating expenses

• Requires compliance with state procurement law, accounting procedures, revenue stabilization law, and other fiscal control laws in disbursement of appropriated funds

• Becomes effective July 1, 2022