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AR HB1095
Bill
Status
4/10/2025
Primary Sponsor
Joint Budget Committee
Click for details
AI Summary
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Appropriates $14,766,118 from the Bank Department Fund for the State Bank Department for fiscal year ending June 30, 2026, covering regular salaries ($8,935,898), extra help ($200,000), personal services matching ($2,805,220), and operating expenses
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Authorizes a maximum of 92 regular employees for the State Bank Department, including 1 commissioner, 2 deputy commissioners, 59 certified bank senior examiners, and various support staff
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Appropriates $4,483,822 from the Securities Department Fund for the State Securities Department, plus $50,000 for refunds/reimbursements and $316,000 from the Investor Education Fund for grants, promotional items, and operating expenses
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Authorizes a maximum of 41 regular employees for the State Securities Department, plus 3 temporary/part-time extra help positions
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Contains an emergency clause making the act effective July 1, 2025 to ensure continuous agency operations
Legislative Description
An Act For The Department Of Commerce - State Bank Department And State Securities Department Appropriation For The 2025-2026 Fiscal Year.
Last Action
Notification that HB1095 is now Act 539
4/10/2025