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09LSO-0435.L2

FISCAL NOTE

	FY 2010	FY 2011	FY 2012
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
EARMARKED REVENUE FUND	25,200	50,400	25,200

Source of Revenue Increase:

Revenue will be generated through the receipt of actual examination expenses paid by licensed lenders.

Assumptions:

Examination expenses billed at a rate of $52.50/hour to cover direct and indirect costs associate with conducting examinations.  An average of 20 hours per exam is used for the one additional FTE position that will be necessary to ensure compliance with the proposed changes.  Figures are based upon conducting 24 examinations in FY10, 48 examinations in FY11, and 24 examinations in FY12.

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

In addition, this bill has administrative impact that appears to increase duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill modifies a state agency budget and current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

Department of Audit

Prepared by:   Joe Mulberry, Department of Audit     Phone: 777-6484