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ID S1371

Bill

Status

Passed

3/22/2016

Primary Sponsor

Finance Committee

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Appropriates $8,170,300 to the Department of Finance for fiscal year 2017 (July 1, 2016 through June 30, 2017) from three funds: State Regulatory Fund ($8,070,300), Mortgage Recovery Fund ($50,000), and Securities Investor Training Fund ($50,000)
  • Limits the Department of Finance to a maximum of 64 full-time equivalent positions during the fiscal year 2017 period, unless specifically authorized by the Governor
  • Grants the Department of Finance continuous appropriation authority to reimburse persons awarded actual damages by Idaho courts for violations of the Idaho Residential Mortgage Practices Act by licensed or required-to-be-licensed mortgage brokers, lenders, or loan originators

Legislative Description

Appropriates $8,170,300 to the Department of Finance for fiscal year 2017; limits the number of authorized full-time equivalent positions to 64; and provides legislative intent relating to certain continuous appropriations.

APPROPRIATIONS

Last Action

Signed by Governor on 03/22/16 Session Law Chapter 101 Effective: 07/01/2016

3/22/2016

Committee Referrals

Finance3/1/2016
Judiciary and Rules2/29/2016

Full Bill Text

No bill text available