HB 24-1198 Summary

• Provides supplemental appropriations to the Department of Regulatory Agencies for the fiscal year beginning July 1, 2023, amending the appropriation in SB 23-214.

• Total appropriation of $139,300,229 distributed across 11 divisions including Executive Director's Office, Division of Banking, Civil Rights Division, Public Utilities Commission, Division of Insurance, and Division of Professions and Occupations.

• Appropriations funded from General Fund ($12,814,943), General Fund Exempt funds ($117,635,448), Reappropriated Funds ($7,103,200), and Federal Funds ($1,746,638).

• Includes $10,000,000 appropriation to the Reinsurance Program Cash Fund and various operational expenses including personnel services, technology maintenance, and legal services across regulatory divisions.

• Includes safety clause declaring the appropriation necessary for immediate preservation of public peace, health, or safety and support of state departments.