COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1987-01
Bill No.: SB 613
Subject: Business and Commerce; Corporations; Pawnbrokers; Property-real and Personal
Type: Original
Date: March 31, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials from the Department of Economic Development; Division of Finance, and Division of Credit Unions, assume this proposal would have no impact on their organization.
Officials from the Office of the Attorney General and the Office of State Courts Administrator did not respond to our request for information.
Oversight assumes this proposal would have no fiscal impact on the state or on political subdivisions.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
This proposal could have an impact on small businesses involved in rentals or leases of tangible personal property, and on small businesses involved in the business of a pawn broker.
DESCRIPTION
This proposal would modify the provisions for return to the claimant, of leased property held by a pawnbroker. Property subject to a lease, rental transaction, or retail installment which is not marked may be recovered by the claimant upon producing evidence identifying the leased or rented property of the claimant. The pawnbroker shall be free from liability upon return of such property to the claimant.
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
Division of Finance
Division of Credit Unions
NOT RESPONDING
Office of the Attorney General
Office of State Courts Administrator
Mickey Wilson, CPA
Director
March 31, 2003