An Act For The Department Of Finance And Administration - Regulatory Division Appropriation For The 2022-2023 Fiscal Year.
The bill has a significant impact on state law by ensuring that the Regulatory Division is well-equipped with the necessary resources to perform its tasks efficiently. By appropriating funds for personal services and operating expenses, the bill underlines the state's commitment to regulatory enforcement and the management of departments that uphold public compliance and safety standards. This financial support aims to improve the overall effectiveness of the department and potentially enhance regulatory outcomes across various sectors that it oversees.
House Bill 1028 focuses on the appropriation of funds for the Department of Finance and Administration's Regulatory Division for the fiscal year 2022-2023. The bill allocates a total of $2,901,568 for personal services and operating expenses, aimed at enhancing the regulatory functions of the department. The funds are designated for salaries, overhead costs, and various operational needs, which include maintenance, general operations, professional fees, and travel expenses. This financial backing is essential for the department to effectively perform its regulatory duties, which likely include overseeing matters of public interest such as safety and compliance in various sectors.
Overall, the sentiment surrounding HB 1028 appears to be supportive among legislators, given the unanimous voting results with 89 yeas and no nays during the third reading. This strong majority vote suggests that lawmakers recognize the importance of financial support for state regulatory functions and likely see this bill as a necessary step in fortifying the state's regulatory framework during a challenging fiscal period.
There does not seem to be significant contention regarding this bill, likely due to the nature of its content centering on budgetary appropriations rather than controversial policy changes. However, any appropriations can be subject to scrutiny regarding resource allocation and potential inefficiencies. Therefore, while the bill is critical for funding, legislators and stakeholders may raise concerns in future discussions regarding how these funds are allocated and utilized within the Regulatory Division.