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Ch. 216
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2006 LAWS OF MARYLAND
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Object .01 Salaries, Wages and Fringe
Benefits
Object .08 Contractual Services
Federal Fund Appropriation
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931,570
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8,972,000
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9,903,570
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9,903,570
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DEPARTMENT OF LABOR, LICENSING, AND REGULATION
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62. P00C01.02 Financial Regulation
In addition to the appropriation shown on
page 80 of the printed bill (first reading
file bill), to provide funds to implement
HB 1040 - Mortgage Originator - that
requires the Commissioner of Financial
Regulation to license an additional 12,000
mortgage originators and loan officers.
Personnel Detail:
Financial Examiner I 5.00
Fringe Benefits
Turnover Expectancy
Object .01 Salaries, Wages and Fringe
Benefits
Special Fund Appropriation
63. P00D01.02 Employment Standards Program
In addition to the appropriation shown on
page 80 of the printed bill (first reading
file bill), to provide funds to implement
HB 391 - Minimum Wage Increase - that
requires Maryland employers to pay the
minimum wage hourly rate of $6.15 per
hour. The State of Maryland would now be
required to enforce the law since the rate
exceeds the federal minimum wage rate.
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159,440
71,940
-76,355
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155,025
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155,025
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Personnel Detail:
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Wage and Hour Investigator I 1.00
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30,000
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Fringe Benefits
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16,686
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Turnover Expectancy
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-11.147
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Object .01 Salaries, Wages and Fringe
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Benefits
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35,539
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Object .02 Technical and Special Fees
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29,774
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- 1256 -
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