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11LSO-0392.L3

 

 

                                                         

FISCAL NOTE

 

 

FY 2012

FY 2013

FY 2014

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

EARMARKED REVENUE       

$24,150

$47,250

$23,100

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 the direct and indirect costs associated with conducting compliance examinations of 90 licensed lenders.  An average of 20 hours per exam will be necessary to ensure compliance with the proposed changes.  Figures are based upon conducting 23 examinations in FY 2012, 45 examinations in FY 2013, and 22 examinations in FY 2014.

 

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

 

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or 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

 

 

The fiscal impact to the judicial system is indeterminable due to an unknown number of cases.

 

 

 

 

 

 

 

 

Prepared by:   Kelley Shepp, LSO Phone: 777-7881

(Information provided by: Joe Mulberry, Department of Audit and Joann Odendahl, Supreme Court  Phone: 777-6484 and 777-7581).