MS SB3042

Appropriates $11,790,886.00 in special funds to the State Department of Banking and Consumer Finance for fiscal year 2024 (July 1, 2023 - June 30, 2024).

Authorizes 81 permanent positions and 0 time-limited positions for the department.

Restricts Fiscal Year 2025 personal services funding to not exceed Fiscal Year 2024 levels unless new programs or positions are added by the Legislature.

Prohibits using vacancy funds for promotions, title changes, or salary increases for current employees; requires funds to be used only for new hires and increasing headcount.

Requires the agency to maintain accounting and personnel records in the same format as Fiscal Year 2023 and submit Fiscal Year 2025 budget requests in comparable detail.