Appropriation; Banking and Consumer Finance, Department of.

SB 3048 appropriates $12,139,077 in state funds for Mississippi's Department of Banking and Consumer Finance to operate during fiscal year 2026 (July 1, 2025-June 30, 2026). It directly affects the department by funding 84 permanent staff positions and requiring strict adherence to budget limits, prohibiting salary increases for current employees without new funding. Key provisions include mandating detailed financial records, prioritizing purchases from Mississippi Industries for the Blind, and ensuring funds are used only for authorized purposes without exceeding the appropriation. The bill contains no new policy changes but sets specific rules for spending and accountability.