Bill > S1135

This bill appropriates a total of $10,604,100 to the Department of Insurance for fiscal year 2024, covering the period from July 1, 2023, to June 30, 2024. * **Insurance Regulation:** $9,204,600 is allocated for insurance regulation. This includes $5,341,700 from the Insurance Administrative Fund for personnel costs, $3,109,800 from the Insurance Administrative Fund for operating expenditures, and $23,100 from the Insurance Administrative Fund for capital outlay. Additionally, $331,900 from the Federal Grant Fund for personnel, $378,100 from the Federal Grant Fund for operating expenditures, and $20,000 from the Federal Grant Fund for capital outlay are included. * **State Fire Marshal:** $1,399,500 is appropriated to the State Fire Marshal program. This funding comes from the Arson, Fire and Fraud Prevention Fund and is allocated as $1,000,700 for personnel costs, $330,200 for operating expenditures, and $68,600 for capital outlay. The Department of Insurance is authorized to employ up to 70.5 full-time equivalent positions during this fiscal year, with any increases requiring notification to the Governor and the Joint Finance-Appropriations Committee. All funds are subject to accountability reports and management reviews, and funds designated for specific purposes may only be used for those purposes.