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Senate committee endorses continuing-appropriation bill for Department of Financial Institutions
Summary
The Senate Industry and Business Committee gave a unanimous due-pass recommendation to Senate Bill 2028, which would place the Department of Financial Institutions’ operating budget under continuing appropriations with approval by the state banking and credit union boards.
The Senate Industry and Business Committee gave a unanimous due-pass recommendation to Senate Bill 2028, a bill that would place the North Dakota Department of Financial Institutions’ operating budget under continuing appropriations and have the state banking and credit union boards approve the department’s appropriation in joint session.
Senator Jeff Barta, who introduced the bill for the committee, said the measure resulted from an interim committee and surrounding work on House Appropriations language requiring a study of the department’s budget and approval process. He said the change is intended to help the Department of Financial Institutions react more quickly to industry and technological changes…
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