ID H0238

Appropriates $6,812,800 to the Department of Finance for fiscal year 2014 (July 1, 2013 through June 30, 2014), consisting of $5,183,200 for personnel costs, $1,624,200 for operating expenditures, and $5,400 for capital outlay.

Funds come from the State Regulatory Fund ($6,762,800) and the Securities Investor Training Fund ($50,000).

Limits the Department of Finance to no more than 64 full-time equivalent positions during the fiscal year period, with any increases requiring Governor authorization and Joint Finance-Appropriations Committee notification.

Encourages agency directors and the Division of Financial Management to use salary savings from turnover, attrition, or operational efficiencies to provide merit increases and target employees below policy compensation levels.

Directs agencies to allocate one-time salary savings for one-time payments and ongoing savings for permanent pay increases.