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STATEMENT OF PURPOSE
RS26439
The proposed legislation is needed to adapt the statute to numbering changes in federal statute and to retain
authority for the Department to continue to require certain securities issuer filings and fees that were affected
by federal preemption and rules passed by the U.S. Securities & Exchange Commission.
FISCAL NOTE
If the Department is unable to effect this statutory change, the Department estimates that approximately 300
issuer filings may be affected resulting in an estimated loss of revenue in an amount not greater than $20,000.
Failing to make this change may also deny Idahoans of ready access to information regarding said issuers.
Contact:
Patricia Highley
Department of Finance
(208) 332-8077
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note S1006