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ND SB2028
Bill
Status
2/25/2025
Primary Sponsor
Legislative Management
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AI Summary
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Establishes a continuing appropriation for the Department of Financial Institutions, allowing all moneys in the financial institutions regulatory fund to be appropriated on an ongoing basis rather than through legislative appropriation
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Requires the State Banking Board and State Credit Union Board to hold joint meetings to approve annual or biennial budgets for the department, including the number of full-time equivalent positions
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Shifts salary-setting authority for the commissioner, assistant commissioner, deputies, and staff from legislative appropriation limits to budgets approved by the boards
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Mandates the commissioner to report to House and Senate appropriations committees during each legislative session on department activities, revenues, and expenditures
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Includes a sunset provision making the act effective only through June 30, 2029, after which it becomes ineffective
Legislative Description
The budget approval process and reports of the department of financial institutions; to provide a continuing appropriation; to provide for a report; and to provide an expiration date.
Last Action
Filed with Secretary Of State 02/25
3/12/2025