Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4134 by Lujan (Relating to a convenience fee for processing electronic payments for motor vehicles.), As Introduced
No significant fiscal implication to the State is anticipated.
The Department of Banking, Department of Savings and Mortgage Lending, the Office of the Credit Consumer Commissioner, and the Credit Union Department are self-directed, semi-independent agencies that are responsible for their costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner