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LB 609A

Appropriation Bill

109th Legislature (2025-2026) Introduced by Eliot Bostar

Provides two-year funding from the Financial Institution Assessment Cash Fund to the Department of Banking and Finance to implement LB 609, with salary caps.

Approved by Governor on March 11, 2025
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Bill Summary · LB 609A

Summary — LB 609A (Appropriation Bill)

Status: Approved by Governor March 11, 2025
Introduced: February 21, 2025
Sponsor: Senator Bostar (primary)
Final vote (Final Reading): 48–0–1

Purpose

LB 609A is an appropriations bill that provides funding to the Department of Banking and Finance to implement the provisions of Legislative Bill 609 (109th Legislature, First Session, 2025). LB 609A does not itself change policy; it supplies the money needed to carry out LB 609.

Key provisions

  • Appropriates funds from the Financial Institution Assessment Cash Fund (not the state General Fund):
    • $232,777 for FY2025–26
    • $185,061 for FY2026–27
  • Designates the funds to the Department of Banking and Finance, Program 65 (the department program identified to support LB 609 implementation).
  • Caps total expenditures from the appropriation for permanent and temporary salaries and per diems at:
    • $85,000 for FY2025–26
    • $87,125 for FY2026–27

Who/what is affected

  • Department of Banking and Finance — Program 65 will receive and administer the funds to implement LB 609.
  • Financial institutions — the appropriation is sourced from the Financial Institution Assessment Cash Fund, which is funded by assessments on financial institutions; therefore, implementation costs are borne indirectly through that dedicated fund rather than the state General Fund.
  • State fiscal years FY2025–26 and FY2026–27 — specified appropriation amounts and spending limits apply to these fiscal years.
  • Department staffing and operations — the salary/per diem caps indicate the funding is expected to support staff time and related operational costs for implementation.

Procedural / timeline notes

  • Introduced Feb 21, 2025; advanced through Legislative process (General File, Select File, Enrollment and Review).
  • Passed on Final Reading (48–0–1) and presented to the Governor on March 6, 2025.
  • Approved by the Governor on March 11, 2025.
  • Appropriation applies to FY2025–26 and FY2026–27 as specified.

Impact and limitations

  • Provides a two-year, non‑General Fund allocation specifically for implementing LB 609; the amounts are modest and include explicit salary spending caps.
  • The substantive policy or regulatory effects depend on the text of LB 609 itself; this bill only supplies implementation funding. For details on programmatic changes or regulatory impact, consult the text of LB 609.

Compiled from official sources — confirm details with the bill’s official record.

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