HB3959 Summary

• Appropriates $97,355,500 from various state funds to the Department of Financial and Professional Regulation for fiscal year beginning July 1, 2017

• Funds allocated across multiple regulatory divisions including financial institutions, banking, real estate licensing, professional discipline boards, and medical marijuana regulation

• Primary funding sources include the Financial Institution Fund ($7,198,500), Bank and Trust Company Fund ($19,046,300), Real Estate License Administration Fund ($6,471,600), and Professions Indirect Cost Fund ($35,525,800)

• Includes dedicated appropriations for specific functions including cemetery oversight ($1,200,000), medical marijuana regulation ($1,200,000), nursing center operations ($500,000), and boxing/martial arts administration ($225,000)

• Takes effect July 1, 2017 only if Senate Bill 2063 (Unbalanced Budget Response Act) becomes law