MISSISSIPPI LEGISLATURE

1999 Regular Session

To: Appropriations

By: Senator(s) Hall, Burton, Gollott, White (5th), Carter, Minor, Moffatt, Ross, Simmons, Thames

AN ACT MAKING AN APPROPRIATION OF SPECIAL FUNDS FOR THE SUPPORT OF THE STATE DEPARTMENT OF BANKING AND CONSUMER FINANCE FOR FISCAL YEAR 2000.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. The following sum of money, or so much thereof as may be necessary, is hereby appropriated out of any money in the State Treasury to the credit of the State Department of Banking and Consumer Finance, for the support of the State Department of Banking and Consumer Finance, for the fiscal year beginning July 1, 1999, and ending June 30, 2000

$ 3,335,642.00.

SECTION 2. Of the funds appropriated under the provisions of Section 1, not more than the amounts set forth below shall be expended for the respective major objects or purposes of expenditure:

MAJOR OBJECTS OF EXPENDITURE:

Personal Services:

Salaries, Wages and Fringe Benefits $ 2,222,792.00

Travel and Subsistence 619,000.00

Contractual Services 381,450.00

Commodities 52,500.00

Capital Outlay:

Other Than Equipment 0.00

Equipment 59,900.00

Subsidies, Loans and Grants 0.00

Total $ 3,335,642.00

AUTHORIZED POSITIONS:

Permanent: Full Time. . . . . . . . . 39

Part Time. . . . . . . . . 0

Time-Limited: Full Time. . . . . . . . . 0

Part Time. . . . . . . . . 0

From the funds provided in the budget category "Personal Services: Salaries, Wages and Fringe Benefits," funds may be expended for the following purposes, in compliance with the policies established by the State Personnel Board and any conditions placed on such expenditures:

(a) The components of the Variable Compensation Plan shall be maintained within the constraints of the funds appropriated herein.

(b) Funds are provided to adjust the Variable Compensation Plan, including realignment, to ensure that all full-time employees with at least six (6) months of continuous current service, as of June 30, 1999, receive an increase of One Thousand Five Hundred Dollars ($1,500.00). Funds are provided to adjust critical job classes up to an additional One Thousand Dollars ($1,000.00).

(c) If an employee is currently at or above the end salary for his or her job classification, then the increase shall be built into the employee's base salary. To be eligible for any increase authorized in this section, employees may not have a current performance rating below "meets expectations" as of the effective date of the increase. Employees who subsequently receive a performance rating of "meets expectations" or above during Fiscal Year 2000 shall receive the salary increase effective the date of the rating.

It is the agency's responsibility to make certain that funds required to be appropriated for "Personal Services" for Fiscal Year 2001 do not exceed Fiscal Year 2000 funds appropriated for that purpose unless programs or positions are added to the agency's budget by the Mississippi Legislature.

Any transfers or escalations shall be made in accordance with the terms, conditions, and procedures established by law.

No general funds authorized to be expended herein shall be used to replace federal funds and/or other special funds which are being used for salaries authorized under the provisions of this act and which are withdrawn and no longer available.

SECTION 3. Funds are provided in this act to reallocate PIN 24 from Administrative Supervising Examiner to Director, Consumer Finance Division, with a start step of Sixty Thousand Dollars ($60,000.00).

SECTION 4. Of the funds appropriated under the provisions of Section 1 and allocated in Section 2, funds in the amount of One Hundred Twenty-five Thousand Dollars ($125,000.00) and two (2) full-time positions are provided to carry out the provisions of House Bill No. 1128, Regular Session of 1999. In the event that House Bill No. 1128, Regular Session of 1999, is not enacted into law, it is the intention of the Legislature that the Department of Banking and Consumer Finance shall not expend One Hundred Twenty-five Thousand Dollars ($125,000.00) of the funds appropriated under the provisions of Section 1, nor shall the Department fill more than thirty-seven (37) of the full-time positions authorized in Section 2 of this act.

SECTION 5. The money herein appropriated shall be paid by the State Treasurer out of any money in the State Treasury to the credit of the proper fund or funds as set forth in this act, upon warrants issued by the State Fiscal Officer; and the State Fiscal Officer shall issue his warrants upon requisitions signed by the proper person, officer or officers in the manner provided by law.

SECTION 6. This act shall take effect and be in force from and after July 1, 1999.