All Roll Calls
Yes: 148 • No: 39
North DakotaSB 20282025 Regular SessionSenateWALLET
AN ACT to amend and reenact sections 6-01-01.1, 6-01-04, 6-01-10, 6-01-11, and 6-01-16 of the North Dakota Century Code, relating to the budget approval process and reports of the department of financial institutions; to provide a continuing appropriation; to provide for a report; and to provide an expiration date.
Sponsored By: Legislative Management
Became Law
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
Regulator fund and rules end June 2029
All of these changes, including the fund and budgeting process, end after June 30, 2029. After that date, these rules stop unless the law is reenacted.
Joint budget and pay limits for regulator
The state banking board and the state credit union board must meet together to approve the department’s annual or biennial budget and staff positions. A majority of each board must be present, and a majority of those present on each board must approve. The commissioner’s salary and expenses must fit the board‑approved budget and the legislative salary appropriation. Staff pay must also fit those limits. Deputies and staff can be repaid for actual and necessary travel while on duty. These rules apply through June 30, 2029.
New fund for financial institutions regulator
North Dakota creates a special fund for the Department of Financial Institutions. The department must deposit its fees and other money into this fund. Money in the fund is available on a continuing basis to run the department, but only within an annual or biennial budget approved by both boards. The department must keep and report revenue and spending records as the office of management and budget requires. Unspent cash carries forward to the next biennium, and investment earnings stay in the fund. These rules apply through June 30, 2029.
Sponsors & Cosponsors
Sponsor
Legislative Management
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 2/19/2025
Second reading, passed, yeas 43 nays 4
Yes: 43 • No: 4
House vote • 2/6/2025
Second reading, passed as amended, yeas 59 nays 34
Yes: 59 • No: 34
Senate vote • 1/13/2025
Second reading, passed, yeas 46 nays 1
Yes: 46 • No: 1
Actions Timeline
Filed with Secretary Of State 02/25
3/12/2025HouseSigned by Governor 02/25
2/25/2025SenateSent to Governor
2/21/2025SenateSigned by President
2/21/2025SenateSigned by Speaker
2/20/2025HouseSecond reading, passed, yeas 43 nays 4
2/19/2025SenateConcurred
2/19/2025SenateReturned to Senate (12)
2/7/2025SenateSecond reading, passed as amended, yeas 59 nays 34
2/6/2025HouseAmendment adopted, placed on calendar
2/5/2025HouseReported back amended, do pass, amendment placed on calendar 8 3 3
2/4/2025HouseCommittee Hearing 10:00
1/28/2025HouseIntroduced, first reading, referred Industry, Business and Labor Committee
1/28/2025HouseReceived from Senate
1/14/2025HouseSecond reading, passed, yeas 46 nays 1
1/13/2025SenateReported back, do pass, place on calendar 5 0 0
1/10/2025SenateCommittee Hearing 01:45
1/8/2025SenateIntroduced, first reading, referred Industry and Business Committee
1/7/2025Senate
Bill Text
Adopted by the House Industry, Business and Labor Committee
Enrollment
INTRODUCED
SENATE BILL NO. 2028 with House Amendments
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