SB 2028 — Relating to 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.

25.0060.02001 Adopted by the House Industry, Title.03000 Business and Labor Committee February 3, 2025 Sixty-ninth Legislative Assembly of North Dakota PROPOSEDIn AMENDMENTSRegular TOSession Commencing Tuesday, January 7, 2025 SENATE BILL NO.

2028 Introduced(Legislative byManagement) Legislative Management (Government Finance Committee) AAN BILLACT for an Act to amend and reenact sections 6-01-01.1, 6-01-04, 6-01-10, 6-01-11, and 6-01-16 of the North Dakota Century Code, relating to the budget approval process and reports of the department of financial institutions;

and to provide for a report;

All moneys in the financial institutions regulatory fund are appropriated on a continuing basis to the department of financial institutions to carry out its administrative and Pageregulatory No.powers and duties within the limits of an annual or biennial budget approved by the state banking board and state credit union board.

1 25.0060.02001 Sixty-ninth Legislative Assembly regulatory powers and duties within the limits of an annual or biennial budget approved by the state banking board and state credit union board.

2.S.

B.

NO.

2028 - PAGE 2 2.

PageSECTION No.3.

2 25.0060.02001 Sixty-ninth Legislative Assembly SECTION 3.

PageThe No.report must include a summary of the department's activities during the current biennium, a statement of the department's revenues and expenditures for the prior biennium and the current biennium to date, and any other information requested by the chairmen of the committees.

3 25.0060.02001 Sixty-ninth Legislative Assembly The report must include a summary of the department's activities during the current biennium, a statement of the department's revenues and expenditures for the prior biennium and the current biennium to date, and any other information requested by the chairmen of the committees.

The commissioner is allowed, in addition to the commissioner'sS. salary, the commissioner's necessary and actual expenses incurred in the discharge of the commissioner's official duties within the budget approved by the boards.

B.

NO.

2028 - PAGE 3 commissioner's salary, the commissioner's necessary and actual expenses incurred in the discharge of the commissioner's official duties within the budget approved by the boards.

PageS. No.

4B. 25.0060.02001

NO.

2028 - PAGE 4 ____________________________ ____________________________ President of the Senate Speaker of the House ____________________________ ____________________________ Secretary of the Senate Chief Clerk of the House This certifies that the within bill originated in the Senate of the Sixty-ninth Legislative Assembly of North Dakota and is known on the records of that body as Senate Bill No.

2028.

Senate Vote:

Yeas 43 Nays 4 Absent 0 House Vote:

Yeas 59 Nays 34 Absent 1 ____________________________ Secretary of the Senate Received by the Governor at ________M.

on _____________________________________, 2025.

Approved at ________M.

on __________________________________________________, 2025.

____________________________ Governor Filed in this office this ___________day of _______________________________________, 2025, at ________ o’clock ________M.

____________________________ Secretary of State