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ND SB2011
Bill
Status
Passed
4/15/2019
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
- Appropriates $2,757,119 in total funds to the North Dakota Securities Department for the biennium July 1, 2019 through June 30, 2021, consisting of $2,163,558 for salaries and wages and $593,561 for operating expenses
- Increases full-time equivalent positions from 9.00 to 10.00
- Establishes a securities department special fund in the state treasury to receive all fees, civil penalties, and other moneys collected under the Securities Act, replacing deposits to the general fund
- Designates moneys in the securities department special fund for use exclusively by the department to defray administrative and regulatory expenses
- Requires the Office of Management and Budget to transfer any surplus balance in the securities department special fund exceeding the biennial appropriation back to the general fund
Legislative Description
Collection of fees, civil penalties, and other moneys collected under the Securities Act.
Last Action
Signed by Governor 04/15
4/15/2019
Committee Referrals
Appropriations1/3/2019
Full Bill Text
No bill text available