Fiscal Note
HB0159 - Real Estate Related Regulation, Transactions, and Construction
State Impact:
Implementation of this bill by Commerce will require 2 Investigators, 1 Office Technical II, and 2 Auditors at a cost of $477,500 from the Commerce Service Fund. Spending from the Commerce Service Fund could affect revenue available to the General Fund. Implementation by the Attorney General will cost $275,000 from the General Fund for 1.5 Attorneys and 2 Investigators.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2007 Revenue | FY 2008 Revenue |
| General Fund | $275,000 | $275,000 | $0 | $0 |
| Commerce Service Fund | $477,500 | $424,600 | $0 | $0 |
| Total | $752,500 | $699,600 | $0 | $0 |
Individual and Business Impact:
Licensing and compliance costs will be borne by depositories who employ licensed Mortgage Officers. They will also bear the costs associated with audits.
Office of the Legislative Fiscal Analyst
2/9/2006, 5:31:08 PM