Post-dated checks. |
13LSO-0160.L1 |
FISCAL NOTE
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FY 2014 |
FY 2015 |
FY 2016 |
NON-ADMINISTRATIVE IMPACT |
|
|
|
Anticipated Revenue Increase: |
|
|
|
EARMARKED REVENUE |
27,500 |
53,750 |
27,500 |
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 $62.50/hour to cover the direct and indirect costs associated with conducting compliance examinations of 87 licensed lenders. An average of 20 hours per exam will be necessary to ensure compliance with the proposed changes. Figures are based upon conducting 22 examinations in FY2014, 43 examinations in FY2015, and 22 examinations in FY2016.
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: Matthew Sackett, LSO Phone: 777-7881
(Information provided by: Joe Mulberry, Department of Audit; Phone: 777-6484 and Kristi Racines, Supreme Court; Phone: 777-7502)