Notice of Committee Passage for House Bill 1104
Office of the Governor / Office of Financial Management sent this bulletin at 03/21/2021 07:15 PM PDTYou are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a
bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.
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HB 1104, titled AN ACT Relating to extending the operation of the mortgage lending fraud prosecution account until June 30, 2027, has been passed by the Senate Committee on Financial Institutions, Economic Development & Trade. 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 |
Mortgage Lending Fraud Prosecution |
|
|
||
2022 |
$ 520,074 |
|
2023 |
519,567 |
|
2024 |
509,213 |
|
2025 |
499,717 |
|
2026 |
499,717 |
|
2027 |
499,717 |
|
2028 |
499,717 |
|
2029 |
499,717 |
|
2030 |
499,717 |
|
2031 |
499,717 |
|
|
||
Total: |
$ 5,046,873 |
Ten-year projection prepared in consultation with the following agencies:
Dept of Financial Institutions
The following legislators voted do pass:
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Senator Steve Hobbs
Democrat
(360) 786-7686
steve.hobbs@leg.wa.gov
Senator David Frockt
Democrat
(360) 786-7690
David.Frockt@leg.wa.gov
Senator Mark Mullet
Democrat
(360) 786-7608
mark.mullet@leg.wa.gov
Senator Sharon Brown
Republican
(360) 786-7614
Sharon.Brown@leg.wa.gov
Senator Lynda Wilson
Republican
(360) 786-7632
lynda.wilson@leg.wa.gov
Senator Perry Dozier
Republican
(360) 786-7630
Perry.Dozier@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp