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ID S1158
Bill
Status
Passed
3/23/2021
Primary Sponsor
Finance Committee
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AI Summary
- Appropriates $9,093,500 to the Department of Finance for fiscal year 2022 (July 1, 2021 through June 30, 2022) from the State Regulatory Fund ($8,993,500), Mortgage Recovery Fund ($50,000), and Securities Investor Training Fund ($50,000)
- Allocates funds across personnel costs ($7,007,800), operating expenditures ($2,040,100), and capital outlay ($45,600)
- Authorizes the Department of Finance a maximum of 66.00 full-time equivalent positions during fiscal year 2022, with the Joint Finance-Appropriations Committee to be notified of any Governor-authorized increases
- Grants continuous appropriation authority for reimbursement of persons awarded actual damages by Idaho courts for violations of the Idaho Residential Mortgage Practices Act by licensed mortgage brokers, lenders, or loan originators
- Reappropriates up to $1,800,000 in unexpended and unencumbered balances from fiscal year 2021 from the State Regulatory Fund for building and construction costs during fiscal year 2022
Legislative Description
Relates to the appropriation to the Department of Finance for fiscal year 2022.
APPROPRIATIONS
Last Action
Session Law Chapter 131 Effective: 07/01/2021
3/23/2021
Committee Referrals
Finance3/3/2021
Judiciary and Rules3/2/2021
Full Bill Text
No bill text available