Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2629 by Thompson, Senfronia (relating to the establishment of a registry for and requiring the registration of certain unmanned teller machines; imposing a fee; providing a civil penalty.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to the establishment of a registry for and requiring the registration of certain unmanned teller machines would have no fiscal impact on the state because the Department of Banking is a self-directed, semi-independent state entity and does not receive appropriated funds.
The bill would give the Office of the Attorney General the authority to seek injunctive relief and/or civil penalities against a person who violates this chapter, but the OAG anticipates that any additional work as a result of the passage and enforcement of this bill could be absorbed with current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
302 Office of the Attorney General, 304 Comptroller of Public Accounts, 451 Department of Banking