SB 0127 - Fiscal Note

Fiscal Note - SB 0127 - Requires manufacturers and dealers of manufactured housing to be bonded

COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. NO.: 0188-01

BILL NO.: SB 127

SUBJECT: Bonds - Surety; Housing

TYPE: Original

DATE: December 30, 1998

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FISCAL SUMMARY

ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED	FY 2000	FY 2001	FY 2002
None	$0	$0	$0
Total Estimated Net Effect on All State Funds	$0	$0	$0

ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED	FY 2000	FY 2001	FY 2002
None	$0	$0	$0
Total Estimated Net Effect on All Federal Funds	$0	$0	$0

ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED	FY 2000	FY 2001	FY 2002
Local Government	$0	$0	$0

Numbers within parentheses: ( ) indicate costs or losses

This fiscal note contains 3 pages.

FISCAL ANALYSIS

ASSUMPTION

Officials from the Department of Economic Development - Public Service Commission (PSC) and the Department of Insurance (INS) assume the proposed legislation would have no fiscal impact on their agencies.

FISCAL IMPACT - State Government	FY 2000	FY 2001	FY 2002
	(10 Mo.)
	0	0	0
FISCAL IMPACT - Local Government	FY 2000	FY 2001	FY 2002
	(10 Mo.)
	0	0	0
FISCAL IMPACT - Small Business
This proposal could have a direct fiscal impact to small businesses to the extent of expenses associated with a form of security that would be required to be filed with the Public Service Commission.

DESCRIPTION

The proposed legislation would require manufacturers and dealers of manufactured housing to be bonded.

This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.

SOURCES OF INFORMATION

Department of Economic Development - Public Service Commission

Department of Insurance

Jeanne Jarrett, CPA

Director

December 30, 1998