LD 1359 LR 532(02)
An Act To Adopt the Interstate Medical Licensure Compact
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
Fiscal Note
Minor cost increase - General Fund
Minor cost increase - Highway Fund
Minor cost increase - Other Special Revenue Funds
Minor revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
Additional costs to the Board of Licensure in Medicine and the Board of Osteopathic Licensure, affiliated with the Department of Professional and Financial Regulation, to participate in the Interstate Medical Licensure Compact can be absorbed within each board's existing budgeted resources.  This legislation may result in increased dedicated revenue to each board from licensing and renewal fees.  The amount of revenue to be received will depend on the fees established by the interstate commission and the number of physicians that apply for an expedited license each fiscal year.
Additional costs to the Department of Public Safety associated with taking fingerprints and performing background checks can be absorbed within existing budgeted resources.  Other Special Revenue Funds revenue will increase as the result of increased payments for background checks.  No change in the budget is required.