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 http://budget.kansas.gov
Adam C. Proffitt, Director Laura Kelly, Governor
Division of the Budget
February 1, 2024
The Honorable Nick Hoheisel, Chairperson
House Committee on Financial Institutions and Pensions
300 SW 10th Avenue, Room 582-N
Topeka, Kansas 66612
Dear Representative Hoheisel:
SUBJECT: Fiscal Note for HB 2560 by House Committee on Financial Institutions and
Pensions
In accordance with KSA 75-3715a, the following fiscal note concerning HB 2560 is
respectfully submitted to your committee.
HB 2560 would amend the State Banking Code and provide when an application is
considered abandoned or expired, the application fee would not be refunded. The bill would also
allow an originating trustee to have its principal place of business outside of Kansas.
The Office of the State Bank Commissioner estimates HB 2560 would increase revenues
in its Bank Commissioner Fees Fund by $500 in FY 2025. Under the provisions of HB 2560, the
agency would be authorized to charge an application fee when an applicant with a previously
abandoned or expired application reapplies. The agency’s Consumer and Mortgage Lending
Division currently has authority to abandon its applications for consumer and mortgage lending.
Approximately 2.5 percent of the Consumer and Mortgage Lending applications are considered
abandoned. The Banking Division receives approximately 40 to 45 applications each year.
Assuming the Banking Division would have 2.5 percent of its applications abandoned, the agency
estimates at least one application will be abandoned each year beginning in FY 2025 and that one
application would be reinstated with a fee of $500. Any fiscal effect associated with HB 2560 is
not reflected in The FY 2025 Governor’s Budget Report.
Sincerely,
Adam C. Proffitt
Director of the Budget
cc: Barbara Albright, Office of the State Bank Commissioner