121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1843
		An Act To Require Surety Bonding by Payroll Processing Companies
		LR 2668(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Dunlap of Old Town
		Committee: Business, Research and Economic Development
		Fiscal Note Required: Yes
Fiscal Note
Undetermined current biennium cost increase - General Fund
Correctional and Judicial Impact Statements
	Establishes new civil violations
Fiscal Detail and Notes
	The bill would establish substantial new fiscal obligations for the Department of Professional and Financial Regulation.  There are presently 160 entities registered as payroll processors.  Requirements for annual audits, the maintenance of records for both registrations and continuing compliance with surety bond requirements, complaint investigation and adjudication, and the need for rulemaking would  require additional staff and represent a significant commitment of resources.  The amount of appropriation needed cannot be determined at this time.