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Committee gives do-not-pass on financial-institutions budget as oversight moves to board
Summary
The Appropriations Committee recommended a do-not-pass for Senate Bill 2008 after members were told the agency's budget authority will move off state appropriation rolls to a board-controlled, fee-funded structure with a 2029 sunset.
The Appropriations Committee voted to recommend a 'do not pass' on Senate Bill 2008, clearing the way for the financial institutions' budget to move off the state appropriation schedule and to be controlled directly by an industry board.
Senator Burkhart moved the do-not-pass motion. The committee approved the motion 14-2 on a roll-call vote. Committee discussion explained that the…
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