State of Alaska
Fiscal Note
Bill Version: HB 279
2018 Legislative Session
Fiscal Note Number: 3
(S) Publish Date: 4/9/2018
Identifier: HB279-DCCED-CBPL-04-03-18 Department: Department of Commerce, Community and
Title: EXTEND: REAL ESTATE COMMISSION Economic Development
Sponsor: JOSEPHSON Appropriation: Corporations, Business and Professional
Requester: (H) Labor & Commerce Licensing
Allocation: Corporations, Business and Professional
Licensing
OMB Component Number: 2360
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2019 Governor's
Appropriation FY2019 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2019 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
Personal Services
Travel 26.4 26.4 26.4 26.4 26.4 26.4
Services 1.5 1.5 1.5 1.5 1.5 1.5
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 27.9 27.9 27.9 27.9 27.9 27.9
Fund Source (Operating Only)
1156 Rcpt Svcs (DGF) 27.9 27.9 27.9 27.9 27.9 27.9
Total 0.0 27.9 27.9 27.9 27.9 27.9 27.9
Positions
Full-time
Part-time
Temporary
Change in Revenues
1156 Rcpt Svcs (DGF) 0.0 27.9 27.9 27.9 27.9 27.9 27.9
Total 0.0 27.9 27.9 27.9 27.9 27.9 27.9
Estimated SUPPLEMENTAL (FY2018) cost: 0.0 (separate supplemental appropriation required)
(discuss reasons and fund source(s) in analysis section)
Estimated CAPITAL (FY2019) cost: 0.0 (separate capital appropriation required)
(discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? NO
If yes, by what date are the regulations to be adopted, amended or repealed? N/A
Why this fiscal note differs from previous version/comments:
Updated to correct a typographical error.
Prepared By: Janey McCullough, Director Phone: (907)465-2538
Division:
REPORT
Corporations, Business and Professional Licensing Date: 04/03/2018
ED
SFC 04/0 OUT OF
Approved By: Catherine Reardon, Director Date: 04/04/18
Agency: Division of Administrative Services, DCCED
9/2018
Printed 4/9/2018 Page 1 of 2 Control Code: NbUtS
 HB 279 - Fiscal Note 3
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 279
2018 LEGISLATIVE SESSION
Analysis
HB279 extends the Real Estate Commission to June 30, 2026.
This bill extends statutory authorization for the existing Real Estate Commission. Adoption of the bill will continue existing
activities by the Commission and administration by the division. Failure to adopt the bill will result in a oneyear wind
down of the board in FY2019, and the division assuming all licensing responsibility in FY2020.
If the bill passes the following expenses will be incurred:
Travel: $26.4 (board members to attend four board meetings per year)
Services: $0.4 (advertising of public notice of board meetings)
$1.0 (training and conference fees)
$0.1 (stipends for board members attending board meeting in community of residence)
Professional licensing programs within the Division of Corporations, Business and Professional Licensing are funded
by Receipt Supported Services, fund source 1156 Rcpt Svcs (DGF). Licensing fees for each occupation are set per AS
08.01.065 so the total amount of revenue collected approximately equals the occupations actual regulatory costs.
(Revised 9/26/17 OMB/LFD) Page 2 of 2
HB279-DCCED-CBPL-04-03-18 Page 2 of 2 Control Code: NbUtS


Statutes affected:
HB0279A, AM HB 279, introduced 01/16/2018, passed House 03/05/2018, passed Senate 04/27/2018: 08.03.010
HB0279Z, AM Enrolled HB 279, introduced 04/27/2018: 08.03.010