Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3849 by Slawson (relating to the requirements for the regulation of state trust companies.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The Department of Banking indicates that there would be no fiscal impact from the bill. The agency is a self-directed, semi-independent state entity and does not receive appropriated funds. It is responsible for funding all direct and indirect operational costs and sets the amount of fees, penalties, charges, and revenues required to cover these costs.
Local Government Impact
No fiscal implication to units of local government is anticipated.