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ND HB1071

Bill

Official Source

Status

Introduced

1/3/2017

Primary Sponsor

Appropriations Committee

Click for details

Origin

House of Representatives

65th Legislative Assembly

AI Summary

  • Appropriates $2,464,459 total funds to the North Dakota Securities Department for the biennium July 1, 2017 through June 30, 2019, consisting of $1,858,412 for salaries and wages and $606,047 for operating expenses
  • Maintains 9.00 full-time equivalent positions with no new positions added
  • Redirects all fees, civil penalties, and other moneys collected under the Securities Act to be deposited in the securities department special fund instead of the general fund
  • Reserves moneys in the securities department special fund exclusively for the securities department to defray administrative and regulatory expenses
  • Requires any excess balance in the special fund to transfer to the general fund, and requires any remaining appropriated balance at biennium end to transfer to the investor education and technology fund

Legislative Description

Collection of fees, civil penalties, and other moneys collected under the Securities Act.

Last Action

Second reading, failed to pass, yeas 0 nays 88

1/27/2017

Committee Referrals

Appropriations1/3/2017

Full Bill Text

No bill text available