Bill Summary – FastDemocracy

State of Alaska
                                                           Fiscal Note
                                                                                            Bill Version:                    SSHB 124
 2020 Legislative Session
                                                                                            Fiscal Note Number:              1
                                                                                            (H) Publish Date:                2/28/2020
 Identifier:        HB124-DNR-RO-2-14-20                                     Department:        Department of Natural Resources
 Title:             ELECTRONIC DOCUMENTS AND                                 Appropriation: Administration & Support Services
                    NOTARIZATION                                             Allocation:        Recorder's Office/Uniform Commercial Code
 Sponsor:           CLAMAN                                                   OMB Component Number:               802
 Requester: House Judiciary Committee
 Expenditures/Revenues
 Note: Amounts do not include inflation unless otherwise noted below.                                                              (Thousands of Dollars)
                                                 Included in
                                    FY2021       Governor's
                                Appropriation      FY2021                                          Out-Year Cost Estimates
                                  Requested       Request
 OPERATING EXPENDITURES               FY 2021        FY 2021       FY 2022                    FY 2023           FY 2024            FY 2025        FY 2026
 Personal Services
 Travel
 Services
 Commodities
 Capital Outlay
 Grants & Benefits
 Miscellaneous
 Total Operating                            0.0           0.0          0.0                          0.0                0.0              0.0             0.0
 Fund Source (Operating Only)
 None
 Total                                           0.0            0.0                 0.0             0.0                0.0              0.0             0.0
 Positions
 Full-time
 Part-time
 Temporary
 Change in Revenues
 None
 Total                                           0.0            0.0                 0.0             0.0                0.0              0.0             0.0
 Estimated SUPPLEMENTAL (FY2020) cost:                                 0.0                (separate supplemental appropriation required)
 Estimated CAPITAL (FY2021) cost:                                      0.0                (separate capital appropriation required)
 Does the bill create or modify a new fund or account?       No
 (Supplemental/Capital/New Fund - 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?               Yes
 If yes, by what date are the regulations to be adopted, amended or repealed?                               07/01/20
 Why this fiscal note differs from previous version/comments:
 Updated to the SLA 2020 fiscal note template.
 Prepared By:             Chrissi Thurman, State Recorder                                                         Phone:         (907)269-8882
 Division:                Support Services Division                                                               Date:          02/14/2020
 Approved By:             Raquel Solomon-Gross, Adminstrative Service Director                                    Date:          02/14/20
 Agency:                  Office of Management and Budget
Printed 2/28/2020                                                     Page 1 of 2                                                         Control Code: HOuZR
                                                                                                               SSHB 124 - Fiscal Note 1
                                                 FISCAL NOTE ANALYSIS
STATE OF ALASKA                                                                  BILL NO. HB124
2020 LEGISLATIVE SESSION
Analysis
   The bill allows, but does not require, the state recorder's office to accept and process electronic documents, including
   documents holding digital signatures applied and/or notarized either in person or remotely via electronic
   communications technology. These documents would have the same legal effect as hard copy (paper) documents
   required in the recording of real estate, financial, or other public transactions.
   The state recorders office already creates digital copies of each paper document it receives or produces and retains
   copies both in microfilm as the official archival record, and in electronic form. As such, the bill would impose no new costs
   on the recorder's office. Over time, increased use of electronic documents and digital signatures may increase the speed
   and efficiency of recorder's office operations.
   The bill requires modifications to the regulation 11 AAC 6.040 relating to recording documents.
(Revised 10/22/19 OMB/LFD)                                                                                          Page 2 of 2
HB124-DNR-RO-2-14-20                                           Page 2 of 2                                              Control Code: HOuZR
Statutes affected: 
HB0124A, AM HB 124, introduced 04/05/2019: 40.17.020, 40.17.030, 40.17.110, 40.17.025, 40.17.800, 40.17.040, 40.17.033, 40.17.810, 40.17.820, U.S.C, 40.17.900, 44.50.060, 44.50.062, 44.50.075, 44.50.072, 44.50.200, 09.63.120
HB0124B, AM SSHB 124, introduced 02/17/2020: 40.17.020, 40.17.030, 40.17.110, 44.50.075, 44.50.033, 44.50.010, 44.50.034, 44.50.032, 44.50.060, 44.50.062, 44.50.072, 44.50.200, 09.63.120, 44.50.038, 40.17.900
HB0124Z, AM Enrolled HB 124, introduced 03/22/2020: 40.17.020, 40.17.030, 40.17.110, 44.50.075, 44.50.033, 44.50.010, 44.50.034, 44.50.032, 44.50.060, 44.50.062, 44.50.072, 44.50.200, 09.63.120, 44.50.038, 40.17.900