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SB 3078MISSISSIPPISession 2026State BillSigned into law
Enacted

Mississippi Appropriates $12.8 Million for State Department of Banking and Consumer Finance for Fiscal Year 2027

Original title: Appropriation; Banking and Consumer Finance, Department of.

Last action · March 25, 2026: 03/25 Approved by GovernorSponsors: Briggs Hopson and 6 others

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Does

Mississippi allocates $12,845,602 in special funds to support the State Department of Banking and Consumer Finance for 2027, beginning July 1, 2026. The legislation caps spending at $9,001,454, restricts to filling authorized unfilled positions, and sets an authorized permanent headcount of 86 employees.

Why it matters

The measure establishes the annual operational budget and staffing limits for the state agency regulating financial institutions, affecting its capacity to conduct examinations and consumer protection services.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

State Department of Banking and Consumer Finance

Receives its annual operating appropriation of $12,845,602, is subject to personnel headcount limits, and must comply with spending restrictions.

Directly affected

State Department of Banking and Consumer Finance employees

Compensation must comply with the Variable Compensation Plan and salaries cannot fall below minimums established by the Mississippi State Personnel Board.

Directly affected

Mississippi Industries for the Blind

Receives purchasing preference for agency commodity and equipment acquisitions when bids are equal.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

How much money is appropriated for the State Department of Banking and Consumer Finance for fiscal year 2027?
A total of $12,845,602.00 in special funds is appropriated for the agency's support.
What is the authorized employee headcount for the agency under this act?
The act authorizes 86 permanent positions and zero time-limited positions.
Can vacancy funding be used to give raises or promotions to current employees?
No, must be used strictly to increase filled headcounts from approved vacancies and cannot be used for promotions, title changes, or in-range salary adjustments for current employees.

What else do you want to know?

News Coverage

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Where This Stands

Current status: Signed into law.

Procedural history

15 actions
  1. Mar 25, 2026Governor of MississippiEnrolled
    03/25 Approved by Governor
  2. Mar 20, 2026HouseEnrolled
    03/20 (H) Enrolled Bill Signed
  3. Mar 20, 2026SenateEnrolled
    03/20 (S) Enrolled Bill Signed
  4. Mar 17, 2026SenateFloor
    03/17 (S) Concurred in Amend From House
  5. Mar 13, 2026House
    03/13 (H) Returned For Concurrence
  6. Mar 12, 2026HouseFloor
    03/12 (H) Passed As Amended
Show 9 earlier actions
  1. Mar 12, 2026House
    03/12 (H) Amended
  2. Mar 11, 2026HouseCommittee
    03/11 (H) Title Suff Do Pass As Amended
  3. Mar 11, 2026House
    03/11 (H) DR - TSDPAA: AP To A3
  4. Mar 11, 2026House
    03/11 (H) DR - TSDPAA: A3 To AP
  5. Feb 24, 2026HouseCommittee
    02/24 (H) Referred To Appropriations D;Appropriations A
  6. Feb 23, 2026Senate
    02/23 (S) Transmitted To House
  7. Feb 19, 2026SenateFloor
    02/19 (S) Passed
  8. Feb 18, 2026SenateCommittee
    02/18 (S) Title Suff Do Pass
  9. Feb 17, 2026SenateCommittee
    02/17 (S) Referred To Appropriations

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Briggs HopsonSenate · District 23RepublicanPrimary sponsor
Dennis DeBarSenate · District 43RepublicanCosponsor
Sollie NorwoodSenate · District 28DemocraticCosponsor
Rod HickmanSenate · District 32DemocraticCosponsor
Angela HillSenate · District 40RepublicanCosponsor
Show 2 more sponsors
Tyler McCaughnSenate · District 31RepublicanCosponsor
Jeff TateSenate · District 33RepublicanCosponsor

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection95% confidence

Civil Money Penalty Fund Utilization

A portion of the agency's funding ($600,000.00) is specifically sourced from the DBCF Civil Money Penalty Fund for IT and training support.

State Department of Banking and Consumer Finance

Connected Entities

State Department of Banking and Consumer Finance, Mississippi Industries for the Blind, Joint Legislative Budget Committee and 3 more
OrganizationState Department of Banking and Consumer Finance“State agency receiving the fiscal year 2027 appropriation.”Map →
OrganizationMississippi Industries for the Blind“Given preference for commodity or equipment purchases when bids are equal.”Map →
OrganizationJoint Legislative Budget Committee“Receives the agency's fiscal year 2028 budget request.”Map →
OrganizationOffice of the State Auditor“Interprets IRS publication rules for contract employees.”Map →
OrganizationMississippi State Personnel Board“Oversees the Variable Compensation Plan and salary actions for state employees.”Map →
OrganizationDepartment of Finance and Administration“Must provide written approval for position escalations or personal services incr”Map →

Sources

Open source document

billstatus.ls.state.ms.us

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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