DE SB259

Increase the annual deposit threshold into the Investor Protection Fund from $100,000 to $550,000 beginning July 1 each year after operational costs are covered.

Raise the maximum balance retention cap of the Investor Protection Fund from $300,000 to $750,000, with excess funds transferred to the General Fund at fiscal year end.

Expand authorized uses of the Investor Protection Fund to include expenses of the Fraud and Consumer Protection Division related to consumer protection and financial fraud, subject to Director approval.

Maintain existing fund sources including court-ordered payments, settlement agreements, and fees collected by the Investor Protection Unit.

Require the Attorney General and Investor Protection Director to report fund expenditures to the Office of Management and Budget and Controller General as required.