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ID H0253

Bill

Status

Passed

3/21/2023

Primary Sponsor

Appropriations Committee

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Origin

House of Representatives

2023 Regular Session

AI Summary

  • Appropriates $10,722,500 to the Department of Finance for fiscal year 2024 (July 1, 2023 through June 30, 2024) from the State Regulatory Fund ($10,622,500), Mortgage Recovery Fund ($50,000), and Securities Investor Training Fund ($50,000)

  • Authorizes the Department of Finance a maximum of 72.00 full-time equivalent positions during fiscal year 2024, with the Joint Finance-Appropriations Committee to be notified of any increased positions

  • Grants continuous appropriation authority to reimburse persons awarded actual damages by Idaho courts for violations of the Idaho Residential Mortgage Practices Act by licensed mortgage brokers, lenders, or loan originators

  • Requires all funds to be used only for their designated purposes and to be subject to accountability reports and management reviews under Idaho Code Section 67-702

  • Declares an emergency and makes the act effective July 1, 2023

Legislative Description

Relates to the appropriation to the Department of Finance for fiscal year 2024.

APPROPRIATIONS

Last Action

Reported Signed by Governor on March 20, 2023 Session Law Chapter 65 Effective: 07/01/2023

3/21/2023

Committee Referrals

Finance3/9/2023

Full Bill Text

No bill text available