HB 12-1196 Summary

• Appropriates $76,666,408 in supplemental funding to the Department of Regulatory Agencies for fiscal year beginning July 1, 2011, with $1,624,402 from General Fund and $69,560,535 from cash funds.

• Allocates funds across 10 divisions: Executive Director's Office ($22,313,579), Division of Banking ($4,458,200), Civil Rights Division ($1,791,754), Office of Consumer Counsel ($895,298), Division of Financial Services ($1,395,802), Division of Insurance ($7,345,300), Public Utilities Commission ($15,788,248), Division of Real Estate ($4,242,564), Division of Registrations ($15,280,579), and Division of Securities ($3,155,084).

• Amends Section 77 of SB 11-187 to reduce authorized full-time equivalents (FTE) for Division of Registrations from 3.4 to 2.1 FTE while maintaining $261,540 cash funds appropriation for personal services and operating expenses.

• Declares bill necessary for immediate preservation of public peace, health, and safety under safety clause.