LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 127 HLS 21RS 648
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: June 9, 2021 4:58 PM Author: THOMAS
Dept./Agy.: Corrections
Subject: Submitting false statements in unclaimed property claims Analyst: Rebecca Robinson
CRIME EN INCREASE GF EX See Note Page 1 of 1
Creates the crime of submitting false statements and false or altered documents in unclaimed property claims
Proposed legislation creates the crime of submitting false statements and false or altered documents in unclaimed property
claims and provides for criminal penalties. The penalties include imprisonment with or without hard labor for not more than
five years and/or fines up to $10,000. Offenders convicted under this law shall be ordered to make full restitution to the
Department of Treasury.
EXPENDITURES 2021-22 2022-23 2023-24 2024-25 2025-26 5 -YEAR TOTAL
State Gen. Fd. INCREASE INCREASE INCREASE INCREASE INCREASE
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total
REVENUES 2021-22 2022-23 2023-24 2024-25 2025-26 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds INCREASE INCREASE INCREASE INCREASE INCREASE
Annual Total
EXPENDITURE EXPLANATION
There may be an indeterminable increase in SGF expenditures to the Department of Public Safety & Corrections - Corrections
Services (DPS&C) if a person is convicted of submitting false statements and/or submitting false or altered documents in an
unclaimed property claim. The exact fiscal impact of the passage of this legislation is indeterminable, since the legislation
creates a new crime and it is not known how many individuals will be convicted of the crime. However, any offender
sentenced to the custody of DPS&C increases SGF expenditures of $26.39 per offender per day in adult local housing and
$67.36 per offender per day in a state facility.
Any offender convicted of this crime would cost DPS&C $9,632 annually ($26.39 per offender/day x 365 days) in adult local
housing and $24,586 annually ($67.36 per offender/day x 365 days) in a state facility. The maximum time of imprisonment
is five years; therefore, the maximum increase to the SGF would be $48,160 ($9,632 annually per offender X 5 years) in
adult local housing and $122,930 ($24,586 annually per offender x 5 years) in a state facility.
REVENUE EXPLANATION
There may be an indeterminable increase in local funds revenue as a result of potential fines if a person is convicted of this
new crime. The maximum fine is $10,000 and the potential revenue will accrue to the local government entities.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Alan M. Boxberger
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Staff Director