HB6146 Summary

• Appropriates $8,457,000 from the Financial Institution Fund to the Department of Financial and Professional Regulation for personal services, retirement contributions, Social Security, group insurance, contractual services, travel, and refunds.

• Appropriates $4,838,500 from the Credit Union Fund to the Department for similar operational expenses including $2,591,900 for personal services.

• Appropriates $22,661,100 from the Bank and Trust Company Fund for domestic and foreign commercial bank regulation, including $250,000 for Division of Banking operational expenses and $235,000 for corporate fiduciary receivership.

• Appropriates funds from multiple specialized regulatory funds totaling approximately $72.6 million to support licensing, disciplinary, and administrative functions for various professions including real estate, nursing, dentistry, medicine, pharmacy, and boxing/martial arts.

• Establishes an effective date of July 1, 2014.