Fiscal Note

SB0222 - Division of Real Estate Licensing and Presence in the United States

State Impact:
Enactment of this bill will require an additional appropriation of $45,500 in FY 2009 and $43,500 in FY 2010 from the Commerce Service Fund for additional verification expenses. It is anticipated that the Department of Commerce will receive additional fee revenue of $45,500 in FY 2009 and $43,500 in FY 2010 to offset the cost of the implementation of this bill.

Funding SourceFY 2008
Approp.		FY 2009
Approp.		FY 2010
Approp.		FY 2008
Revenue		FY 2009
Revenue		FY 2010
Revenue
Commerce Service Fund$0$45,500$43,500$0$45,500$43,500
   Total
$0
$45,500
$43,500
$0
$45,500
$43,500

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for businesses or local governments. Some individuals may be affected due to additional verification requirements.

2/18/2008, 12:42:43 PM, Lead Analyst: Schoenfeld, J.D.Office of the Legislative Fiscal Analyst