SB 179-FN-A - AS AMENDED BY THE HOUSE

5jun03... 1825h

2003 SESSION

03-1148

06/01

SENATE BILL 179-FN-A

AN ACT relative to positions in the banking department.

SPONSORS: Sen. Flanders, Dist 7; Rep. Hunt, Ches 28

COMMITTEE: Banks

ANALYSIS

This bill establishes certain new positions in the banking department.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

5jun03... 1825h

03-1148

06/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Three

AN ACT relative to positions in the banking department.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Positions Authorized. The bank commissioner is authorized to establish the following new positions:

Title Labor Grade

Accounting Technician 12 at step 4

Attorney III 30

Program Specialist III 23

Program Specialist I 19

Bank Examiner III 27

Bank Examiner III 27

Bank Examiner Trainee 17 at step 4

Bank Examiner Trainee 17 at step 4

Bank Examiner Trainee 17 at step 4

Bank Examiner Trainee 17 at step 4

Bank Examiner Trainee 17 at step 4

Bank Examiner Trainee 17 at step 4

Bank Examiner Trainee 17 at step 4

Bank Examiner Trainee 17 at step 4

2 Effective Date. This act shall take effect upon its passage.

LBAO

03-1148

Revised 2/14/03

SB 179 FISCAL NOTE

AN ACT relative to positions in the banking department.

FISCAL IMPACT:

The Banking Department has determined this bill will increase state restricted revenue and expenditures by $504,920 in FY 2004, $753,315 in FY 2005, $780,032 in FY 2006 and $810,025 in FY 2007. There will no fiscal impact on county and local revenue or expenditures.

METHODOLOGY:

The Department assumes that the Accounting Technician, Attorney III, Program Specialist III, and Program Specialist I positions will be filled on July 1, 2003, therefor, a full fiscal year salary is included. Due to training requirements, the Department assumes that the Bank Examiner III positions will not be filled until FY 2005. Also due to training requirements, the Department assumes that three of the positions will be filled within three months and the remaining two positions within six months. Finally, the Department assumes annual increases for each of the positions and level funded equipment, supplies, training and in-state travel for FY 2005, FY 2006 and FY 2007. The Department is self-funded and derives revenue from examination billing by assessing financial institutions for the cost of running the Department. The fiscal impact is calculated as follows:

Labor Grade

Position Title Step FY 2004 FY 2005

Business Office Accounting Technician 12-4 $ 24,726 $ 25,721

Legal/Legislative Attorney III 30-min 46,976 49,081

Licensing Program Specialist III 23-min 34,515 36,036

Licensing Program Specialist I 19-min 29,152 30,381

Examinations Bank Examiner III 27-min 0 41,165

Examinations Bank Examiner III 27-min 0 41,165

Examinations Bank Examiner Trainee 17-4 30,381 31,727

Examinations Bank Examiner Trainee 17-4 30,381 31,727

Examinations Bank Examiner Trainee 17-4 30,381 31,727

Examinations Bank Examiner Trainee 17-4 22,786 31,727

Examinations Bank Examiner Trainee 17-4 22,786 31,727

Examinations Bank Examiner Trainee 17-4 22,786 31,727

Examinations Bank Examiner Trainee 17-4 15,191 31,727

Examinations Bank Examiner Trainee 17-4 15,191 31,727

Total Salaries $325,252 $477,365

Benefits @37% 120,343 176,625

Total Salary and Benefits $445,595 $653,990

Equipment 10,000 10,000

Current Expense 9,325 9,325

Training 20,000 40,000

In-state travel 20,000 40,000

Total Cost $504,920 $753,315