Appropriation; Banking and Consumer Finance, Department of.
SB 2043 appropriates $12,505,269 for Mississippi's Department of Banking and Consumer Finance (DBCF) to operate during fiscal year 2026. It specifically allocates $8,961,121 for salaries and benefits of authorized staff (86 permanent positions), with strict rules preventing budget overruns and requiring use of "Vacancy Funding" only to fill unfilled positions - not for raises or promotions. The bill also sets aside $300,000 from a civil penalty fund created by another bill (SB 2049) and mandates detailed record-keeping for all expenditures. This funding directly affects DBCF employees and operations, ensuring financial compliance without altering consumer finance regulations.
Bill status
signed
all 5 stages cleared
Introduction
May 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
May 2025
Signed into Law
Jun 2025
Introduced May 28, 2025
Signed Jun 4, 2025
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What changed between versions
As Passed the upper
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Current version
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1 edit
MINOR
The bill title was updated from 'As Passed the Senate' to 'As Sent to Governor', indicating the legislation has completed the legislative process and is now awaiting the Governor's signature. No substantive policy changes were made to the bill's content, funding amounts, or requirements.
TECHNICAL
The bill status designation was changed from 'As Passed the Senate' to 'As Sent to Governor', reflecting the bill's progression through the legislative process. This is a procedural update rather than a substantive policy change.
Floor votes · Senate May 28, 2025 · House May 28, 2025
How they voted
38–10
Passed · 11 other
Total votes 59
May 28, 2025
D
Democratic20
50% Nay
R
Republican39
84% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
3
Committee
3
Jun 4, 2025
Signed into law
Approved by Governor
executive
May 28, 2025
Committee
Referred To Appropriations A
lower
May 28, 2025
Introduced
Transmitted To House
upper
May 28, 2025
Upper · Passed
Passed
upper
May 28, 2025
Upper · Passed
Title Suff Do Pass
upper
May 28, 2025
Committee
Referred To Appropriations
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Briggs Hopson
RRepublican
Co
John Polk
RRepublican
Co
Michael McLendon
RRepublican
Co
Sarita Simmons
DDemocratic
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