HB 1011 — A BILL for an Act to provide an appropriation for defraying the expenses of the securities department; and to amend and reenact subsection 8 of section 10-04-10 of the North Dakota Century Code, relating to fees charged by the securities department.

25.0155.0100025.0155.02000 Sixty-ninth Legislative Assembly of North Dakota FIRST ENGROSSMENT ENGROSSED HOUSE BILL NO.

1011 of North Dakota Introduced by Appropriations Committee A BILL for an Act to provide an appropriation for defraying the expenses of the securities department.department;

and to amend and reenact subsection 8 of section 10-04-10 of the North Dakota Century Code, relating to fees charged by the securities department.

Adjustments or Base Level Enhancements Appropriation Salaries and wages $2,412,763 $0$274,224 $2,412,763$2,686,987 New and vacant FTE pool 0 58,172 58,172 Operating expenses 756,430 0(113,259) 756,430643,171 Total special funds $3,169,193 $0$219,137 $3,169,193$3,388,330 Full-time equivalent positions 10.00 0.00 10.00 PageSECTION No.2.

1NEW 25.0155.01000AND VACANT FTE POOL - LIMITATION - TRANSFER REQUEST.

The securities department may not spend funds appropriated in the new and vacant FTE pool line item in section 1 of this Act, but may request the office of management and budget to transfer funds from the new and vacant FTE pool line item to the salaries and wages line item in accordance with the guidelines and reporting provisions included in House Bill No.

1015, as approved by the sixty-ninth legislative assembly.

Page No.

1 25.0155.02000 Sixty-ninth Legislative Assembly SECTION 3.

AMENDMENT.

Subsection 8 of section 10-04-10 of the North Dakota Century Code is amended and reenacted as follows:

8.

Fees.

The fee, which must accompany the application, for registration, transfer, or notice filing, and for each annual renewal thereof is:

a.

For each broker-dealer $200.00$240 b.

For each agent $60.00$75 c.

For each investment adviser or federal covered adviser $100.00$120 d.

For each investment adviser representative $50.00$60 An application to register as a broker-dealer, agent, investment adviser, or investment adviser representative may, with the consent of the commissioner, be withdrawn upon written application.

Page No.

2 25.0155.02000