Mississippi 2024 Regular Session

Mississippi Senate Bill SB3053

Introduced

3/12/24

Refer

3/12/24

Engrossed

3/19/24

Refer

3/20/24

Enrolled

5/3/24

Passed

5/10/24

Caption

Appropriation; Banking and Consumer Finance, Department of.

Impact

The legislation stipulates that the funding shall maintain the agency's headcount at 86 permanent positions without allowing for time-limited positions. Furthermore, it emphasizes that funds appropriated for personnel services must not exceed those of Fiscal Year 2025 unless additional programs are approved by the Legislature. This is a strategic move to ensure that taxpayer dollars are used prudently, and that the agency can provide ongoing support without excess spending.

Summary

Senate Bill 3053 focuses on the appropriation of special funds for the State Department of Banking and Consumer Finance for Fiscal Year 2025. The bill allocates a total of $12,799,648 for the support of the agency, which is responsible for overseeing banking regulations and consumer finance activities in the state. The intention is to ensure the department has the necessary resources to operate effectively while adhering to existing fiscal constraints.

Sentiment

The sentiment around SB 3053 appears generally positive as it reflects a commitment to maintaining funding for essential state services related to banking and consumer finance. Lawmakers recognize the critical role that the State Department of Banking and Consumer Finance plays in regulating financial institutions and protecting consumers. However, discussions may include concerns regarding the adequacy of the appropriation amidst growing demands on the department's resources, reflecting a cautious optimism.

Contention

Notable contention may arise regarding the tight constraints placed on salary actions and expenditures, specifically that the funds appropriated cannot be used for promotions or salary adjustments for existing employees. Critics might argue that this could affect employee morale and retention, as well as the department's ability to attract new talent. Additionally, there may be discussions about whether the allocated budget is sufficient to meet the operational needs of the department in a changing economic landscape.

Latest MS SB3053 Activity

View All Events: MS 2024 Regular Session SB3053

Companion Bills

No companion bills found.

Previously Filed As

MS SB3048

Appropriation; Banking and Consumer Finance, Department of.

MS SB3078

Appropriation; Banking and Consumer Finance, Department of.

MS SB2043

Appropriation; Banking and Consumer Finance, Department of.

MS SB3049

Appropriation; Finance and Administration, Department of.

MS SB3051

Appropriation; Finance and Administration, Department of.

MS SB2044

Appropriation; Finance and Administration, Department of.

MS SF4070

Minnesota Consumer Financial Protection Bureau establishment and appropriation

MS SR86

Commend Sam Hubbard on the occasion of his retirement as Deputy Commissioner of Department of Banking and Consumer Finance.

MS SB2028

Appropriation; Agriculture and Commerce, Department of.

MS SB2042

Appropriation; Audit, Department of.

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.