ID S1368

Appropriates $7,210,900 to the Department of Finance for fiscal year 2015, consisting of $5,317,500 for personnel costs, $1,657,500 for operating expenditures, and $135,900 for capital outlay from the State Regulatory Fund, plus $50,000 from the Mortgage Recovery Fund and $50,000 from the Securities Investor Training Fund

Authorizes the Department of Finance to maintain no more than 64 full-time equivalent positions during the period July 1, 2014, through June 30, 2015, unless specifically authorized by the Governor

Grants the Department of Finance continuous appropriation authority to reimburse persons awarded actual damages by Idaho courts resulting from violations of the Idaho Residential Mortgage Practices Act by licensed or required-to-be-licensed mortgage brokers, lenders, or loan originators

Directs the legislature to work cooperatively with the Governor's Office, Division of Human Resources, and Division of Financial Management to fund competitive employee compensation through a 1% upward adjustment to compensation schedules and 1% ongoing salary increases or one-time bonuses based on merit

Encourages agency directors to reinvest salary savings from turnover, attrition, or reorganization into merit increases and to target employees below policy compensation, distinguishing between one-time funding for one-time payments and ongoing funding for permanent increases