This bill proposes an appropriation for the North Dakota securities department to cover its expenses for the biennium from July 1, 2025, to June 30, 2027. The total special funds appropriated amount to $3,388,330, which includes base level enhancements for salaries and wages, as well as adjustments to operating expenses. Notably, the bill establishes a new and vacant FTE pool, allowing the securities department to request fund transfers from this pool to the salaries and wages line item, although it cannot directly spend from this pool.

Additionally, the bill amends subsection 8 of section 10-04-10 of the North Dakota Century Code, which pertains to the fees charged by the securities department. The amendments increase the fees for various registrations and renewals, including raising the broker-dealer fee from $200 to $240, the agent fee from $60 to $75, the investment adviser fee from $100 to $120, and the investment adviser representative fee from $50 to $60. These changes aim to update the fee structure in line with current needs and operational costs.

Statutes affected:
Prepared by the Legislative Council staff for House Appropriations - Government Operations Division Committee: 10-04-10
FIRST ENGROSSMENT: 10-04-10