Fiscal Note
SB0079 - Uniform Debt-management Services Act
State Impact:
The bill authorizes fees that are intended to make the program self funding. It has an effective date of July 1, 2007.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2007 Revenue | FY 2008 Revenue |
| Commerce Service Fund | $0 | $51,000 | $0 | $51,000 |
| Total | $0 | $51,000 | $0 | $51,000 |
Individual and Business Impact:
Registered debt management services will be required to maintain a $250,000 insurance policy and post a $100,000 surety bond. Costs of audits will depend on the size of each debt management service.
Office of the Legislative Fiscal Analyst
1/31/2006, 5:11:08 PM