Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 Division of the Budget http://budget.kansas.gov
Adam Proffitt, Director Laura Kelly, Governor


March 9, 2021


The Honorable Richard Proehl, Chairperson
House Committee on Transportation
Statehouse, Room 581B-W
Topeka, Kansas 66612
Dear Representative Proehl:
SUBJECT: Fiscal Note for HB 2341 by House Committee on Transportation
In accordance with KSA 75-3715a, the following fiscal note concerning HB 2341 is
respectfully submitted to your committee.
HB 2341 would permit first and second stage vehicle manufactures to be vehicle dealers and
would eliminate territory restrictions for vehicle dealers. The bill would also exempt a vehicle loan
from stipulating an interest receivable rate not to exceed 15.0 percent per annum on a bond, bill,
promissory note, or other instrument of writing for the payment of forbearance of money unless
otherwise authorized by law. The bill would allow the creditor of a vehicle loan to receive an
interest rate of 10.0 percent when no other interest rate is agreed upon.
The Department of Revenue indicates that enactment of the bill would reduce expenditures
by approximately $360 per year for the Dealer Licensing Program from reduced workload. Any
fiscal effect associated with HB 2341 is not reflected in The FY 2022 Governor’s Budget Report.


Sincerely,

Adam Proffitt
Director of the Budget

cc: Lynn Robinson, Department of Revenue
Ben Cleeves, Transportation


Statutes affected:
As introduced: 8-2431, 8-2432, 8-2404, 8-2438, 8-2444, 16-207, 16-201, 8-2430