This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0124 - Revises sales commission laws
SB 124 - Fiscal Note

COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. NO. 0567-01

BILL NO. Perfected SB 124

SUBJECT: Merchandising Practices; Contracts

TYPE: Original

DATE: February 17, 1999

FISCAL SUMMARY

ESTIMATED NET EFFECT ON STATE FUNDS

FUND AFFECTED FY 2000 FY 2001 FY 2002
None
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
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 2 pages.



FISCAL ANALYSIS

ASSUMPTION

Officials from the Office of State Courts Administrator, the Office of the Attorney General, the Office of the State Public Defender, and the Office of the Secretary of State assume the proposed legislation would have no 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
Certain small businesses could be impacted by this proposal, as it would allow civil actions against the principal in certain situations.

DESCRIPTION

The proposed legislation would allow any person who is entitled to sales commission to bring a civil action against the principal who fails to timely pay the commission. Person is defined in the act.

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

Office of State Courts Administrator

Office of the Attorney General

Office of the Secretary of State

Office of the State Public Defender



Jeanne Jarrett, CPA

Director

February 17, 1999