Page 1 of 2 LRC 2024-BR1076-HB15 COMMONWEALTH OF KENTUCKY FISCAL NOTE STATEMENT LEGISLATIVE RESEARCH COMMISSION 2024 REGULAR SESSION MEASURE 2024 BR NUMBER 1076 HOUSE BILL NUMBER 15GA TITLE AN ACT relating to consumer data privacy and making an appropriation therefor. SPONSOR Representative Josh Branscum FISCAL SUMMARY STATE FISCAL IMPACT: YES NO UNCERTAIN OTHER FISCAL STATEMENT (S) THAT MAY APPLY: ACTUARIAL ANALYSIS LOCAL MANDATE CORRECTIONS IMPACT HEALTH BENEFIT MANDATE APPROPRIATION UNIT(S) IMPACTED: Attorney General FUND(S) IMPACTED: GENERAL ROAD FEDERAL RESTRICTED Attorney General - Consumer Privacy Fund FISCAL ESTIMATES 2023-2024 2024-2025 2025-2026 ANNUAL IMPACT AT FULL IMPLEMENTATION REVENUES EXPENDITURES $900,000 $1,800,000 NET EFFECT ($900,000) ($1,800,000) ( ) indicates a decrease/negative PURPOSE OF MEASURE: The purpose of this measure is to establish consumer rights relating to personal data and create a set of data privacy protections. FISCAL EXPLANATION: The measure allows the Office of the Attorney General to enforce violations of consumer data privacy rights. The measure creates the consumer privacy fund and allows the Attorney General to seek up to $7,500 in civil penalties for continued violations to be deposited into the fund. The measure may require the a new Consumer Data Privacy department in the Office of Attorney General, including three to six attorneys, two technologists, and three to four support staff. The estimated fiscal impact is $1,800,000 annually for salary and operating costs. The measure takes effect January 1, 2026. DATA SOURCE(S): LRC Staff, Office of Attorney General PREPARER: Joey Holt NOTE NUMBER: 128 REVIEW: JB DATE: 3/22/2024 Page 2 of 2 LRC 2024-BR1076-HB15