Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3833 by Lambert (relating to the regulation of money services businesses.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The Department of Banking is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process. It is assumed that any costs associated with the bill for the Office of Attorney General could be absorbed using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
302 Office of the Attorney General, 451 Department of Banking