121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1843
		An Act To Require Surety Bonding by Payroll Processing Companies
		LR 2668(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Business, Research and Economic Development
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Appropriations/Allocations
	Other Special Revenue Funds		$0	$119,313	$130,290	$135,241
Revenue
	Other Special Revenue Funds		$0	$120,000	$124,560	$129,293
Correctional and Judicial Impact Statements
	Increases the number of civil suits
Fiscal Detail and Notes
	The fiscal notes assumes two additional positions in the Office of Consumer Credit Regulation will be necessary to administer this program: a Clerk IV position to process license applications and renewals, compile and type exam reports and handle correspondence and communications; and a Senior Consumer Credit Examiner position for examinations and investigations. It is estimated that $80,000 will be collected annually in application and renewal fees from the approximately 160 entities and $40,000 will be collected in examination fees .  Any savings to Maine Revenue Services are assumed to be minor.