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ID H0541
Bill
Status
3/12/2020
Primary Sponsor
Appropriations Committee
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AI Summary
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Appropriates $8,924,500 to the Department of Finance for fiscal year 2021 ($6,863,700 for personnel costs, $2,050,800 for operating expenditures, and $10,000 for capital outlay) from the State Regulatory Fund, Mortgage Recovery Fund, and Securities Investor Training Fund
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Authorizes the Department of Finance with a maximum of 66.00 full-time equivalent positions during July 1, 2020, through June 30, 2021, with Governor authorization required for any increases
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Grants continuous appropriation authority to reimburse persons for actual damages awarded by Idaho courts resulting from violations of the Idaho Residential Mortgage Practices Act by licensed mortgage brokers, lenders, or loan originators
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Reappropriates up to $1,800,000 in unexpended balances from fiscal year 2020 for building and construction costs during fiscal year 2021
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Appropriates an additional $1,800,000 from the State Regulatory Fund for operating expenditures during fiscal year 2020, with emergency status for immediate effect
Legislative Description
Relates to the appropriation to the Department of Finance for fiscal years 2021 and 2020.
APPROPRIATIONS
Last Action
Reported Signed by Governor on March 11, 2020 Session Law Chapter 109 Effective: 03/11/2020 SECTION 5; 07/01/2020 all other SECTIONS
3/12/2020