ND
North Dakota House Bill HB1011

North Dakota 2025-2026 Regular Session

North Dakota House Bill HB1011

Introduced
1/7/25  
Refer
1/7/25  
Report Pass
1/30/25  
Engrossed
2/7/25  
Refer
2/11/25  

Caption

Fees charged by the securities department.

Impact

The bill amends existing regulations concerning fees charged by the securities department, increasing several fees associated with broker-dealers, agents, investment advisers, and related entities. This adjustment in fees points towards a move to enhance the department's revenue and support its administrative functions. By revising these fees, the bill aims to ensure that the department can meet its operational needs without compromising its effectiveness in regulating the market.

Summary

House Bill 1011 proposes an appropriation aimed at covering the expenses of the securities department in North Dakota for the upcoming biennium. The bill outlines specific funding for salaries and wages, operational expenses, and provisions related to new and vacant full-time equivalent (FTE) positions within the department. The overall financial plan reflects adjustments to the previous budget, ensuring that the securities department is adequately funded to maintain its operations effectively.

Sentiment

The sentiment surrounding HB 1011 appears to be generally positive among supporters who believe that the appropriation is necessary for the continuous functioning of the securities department. Advocates argue that adequate funding is essential for thorough regulation and oversight of the securities market in North Dakota, promoting financial stability and consumer protection. However, there may be some dissent regarding the increase in fees, particularly among those who may perceive this as an additional burden on businesses and individuals operating within the securities landscape.

Contention

Notable points of contention around this bill could arise from the increased fees, which some stakeholders might argue could deter new entrants into the securities market, potentially constraining economic growth and participation. Additionally, the limitations placed on how funds from new and vacant FTE positions can be utilized may lead to discussions regarding staffing strategies and resource allocation within the department. Critics might raise concerns about the sufficiency of the proposed funding in addressing the evolving needs of the securities market.

Latest ND HB1011 Activity

View All Events: ND 2025-2026 Regular Session HB1011

Companion Bills

No companion bills found.

Previously Filed As

ND SB2393

The state leave sharing program, capitol grounds rent collections, and the law enforcement retirement program; to provide for a transfer; to provide an exemption; to provide a report; to provide for a retroactive application; and to provide an effective date.

ND SB2011

AN ACT to provide an appropriation for defraying the expenses of the securities department; and to provide a report.

ND SB2015

A transfer of Bank of North Dakota profits to a water infrastructure revolving loan fund; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide a report; to provide a penalty; to provide for application; to provide a retroactive effective date; to provide a contingent effective date; to provide an effective date; and to declare an emergency.

ND HB1002

The salaries of justices of the supreme court, the salaries of district court judges, and compensation of jurors; to provide for transfers; to provide for a report; and to provide an exemption.

ND HB1001

Legislative compensation; to provide a report; to provide an exemption; to provide for application, transfer, and cancellation of unexpended appropriations; and to declare an emergency.

ND HB1014

Fuel production facility loan guarantee reserve funding, the housing incentive fund, the powers of the North Dakota pipeline authority, definitions for the clean sustainable energy authority, a clean sustainable energy authority line of credit, and an appropriation from the state fiscal recovery fund; to provide a contingent appropriation; to provide for a transfer; to provide an exemption; to provide for a study; to provide for a report; to provide a statement of legislative intent; to provide an effective date; and to declare an emergency.

ND SB2003

Transfers from the lottery operating fund to the multijurisdictional drug task force grant fund and the salary of the attorney general; to provide a transfer; to provide an exemption; to provide for a legislative management study; and to declare an emergency.

ND SB2017

AN ACT to provide an appropriation for defraying the expenses of the game and fish department; to provide a contingent appropriation; to provide for a transfer; and to provide an exemption.

ND HB1018

The legacy investment for technology program, the North Dakota development fund, the workforce enhancement council, the administration of uncrewed aircraft system programs, workforce development grants to tribally controlled community colleges, and a North Dakota development fund grant program; to provide a transfer; to provide an exemption; to provide for a report; and to declare an emergency.

ND SB2018

Permit fees; to provide an exemption; to provide a statement of legislative intent; and to provide for a legislative management study.

Similar Bills

No similar bills found.