Bill > SB3078

This bill appropriates $12,545,602.00 for the State Department of Banking and Consumer Finance for the fiscal year beginning July 1, 2026, and ending June 30, 2027, with $9,001,454.00 of this amount coming from special funds, which are funds generated by the department's activities rather than general tax revenue. A significant portion of these funds, specifically $9,001,454.00, is designated for "Personal Services," which covers employee salaries, wages, and fringe benefits, including $805,468.00 for "Vacancy Funding," meaning money set aside for approved but unfilled positions. The bill also mandates that the department maintain detailed accounting and personnel records comparable to the previous fiscal year and submit its next budget request in a similar format, and it reiterates the state's preference for purchasing from the Mississippi Industries for the Blind when bids are equal. Additionally, $300,000.00 of the appropriated funds will come from the DBCF Civil Money Penalty Fund, and the bill emphasizes that no agency should incur debt beyond its appropriation, with responsible officers held accountable.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3078.xml