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13LSO-0160.L1

                                                         

FISCAL NOTE

 

 

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)