Fiscal Note
HB0402S01 - Pawnshop Transaction Information Amendments
State Impact:
Enactment of this bill will require an appropriation of $84,000 from the General Fund Restricted - Pawnshop and Secondhand Merchandise Account in FY 2008 to the Department of Commerce for staff and related costs necessary to implement provisions of this bill. This includes $14,000 of one-time costs in FY 2008 for database enhancements. The bill will generate additional revenue, estimated at $300,000 annually, to the General Fund Restricted - Pawnshop and Secondhand Merchandise Account.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund Restricted | $0 | $84,000 | $70,000 | $0 | $300,000 | $300,000 |
| Total | $0 | $84,000 | $70,000 | $0 | $300,000 | $300,000 |
Individual, Business and/or Local Impact:
Local governments could see an increase in the number of cases generated by enforcement. Businesses will see some costs related to formatting information to be compatible with the central database repository. These costs will vary by business. There should be no direct impact on individuals.
| 2/23/2007, 5:14:55 PM, Lead Analyst: Eckersley, S. | Office of the Legislative Fiscal Analyst |