Analysis Complete for Second Substitute House Bill 1514

Office of Financial Management

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The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

Fiscal
Year

   DOL Wage Lien Account

 

2020

$ 114,100

2021

119,900

2022

125,800

2023

125,800

2024

125,800

2025

125,800

2026

125,800

2027

125,800

2028

125,800

2029

125,800

 

Total:

$ 1,240,400





None. This bill does not require the department to accept assignment and file wage liens on behalf of wage claimants, or to initiate foreclosure actions on those wage liens. Therefore, there is no impact.