Multiple Agency Fiscal Note Summary - 6065 SB, Establishing the Washington blockchain work group
Summary
A Multiple Agency Fiscal Note Summary for 6065 SB, titled Establishing the Washington blockchain work group, prepared by Gwen Stamey of OFM, followed by individual fiscal notes. The summary lists estimated cash receipts as NONE and shows 0 operating expenditures for the Department of Financial Institutions, the Department of Commerce and Consolidated Technology Services. The individual note of the Department of Financial Institutions marks No Fiscal Impact. The note of Consolidated Technology Services answers None under new rule making.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Multiple Agency Fiscal Note Summary - 6065 SB, Establishing the Washington blockchain work group.”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-02-26-a26766-d217987-6065-fn-02-25-20-609774599f/
, SHA-256 a795c223fa47ece4131c4d6d31ad7cbc622bfad5265c95a147616f80c9b1583a.Full text
Multiple Agency Fiscal Note Summary
Bill Number: 6065 SB Title: Establishing the Washington blockchain work group.
Estimated Cash Receipts
NONE
Estimated Operating Expenditures
Agency Name 2019-21 2021-23 2023-25
FTEs GF-State Total FTEs GF-State Total FTEs GF-State Total
Department of Financial .0 0 0 .0 0 0 .0 0 0
Institutions
Department of Commerce .0 0 0 .0 0 0 .0 0 0
Consolidated Technology .0 0 0 .0 0 0 .0 0 0
Services
Total $ 0.0 0 0 0.0 0 0 0.0 0 0
Estimated Capital Budget Expenditures
Agency Name 2019-21 2021-23 2023-25
FTEs Bonds Total FTEs Bonds Total FTEs Bonds Total
Department of Financial .0 0 0 .0 0 0 .0 0 0
Institutions
Department of Commerce .0 0 0 .0 0 0 .0 0 0
Consolidated Technology .0 0 0 .0 0 0 .0 0 0
Services
Total $ 0.0 0 0 0.0 0 0 0.0 0 0
Estimated Capital Budget Breakout
NONE
Prepared by: Gwen Stamey, OFM Phone: Date Published:
(360) 902-9810 Final 1/13/2020
FNPID: 58211
FNS029 Multi Agency rollup
Individual State Agency Fiscal Note
Bill Number: 6065 SB Title: Establishing the Washington blockchain work Agency: 102-Department of
group. Financial Institutions
Part I: Estimates
X No Fiscal Impact
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Angela Kleis Phone: 360-786-7469 Date: 01/06/2020
Agency Preparation: Emily Fitzgerald Phone: (360) 902-8780 Date: 01/10/2020
Agency Approval: Levi Clemmens Phone: (360) 902-8818 Date: 01/10/2020
OFM Review: Ramona Nabors Phone: (360) 902-0547 Date: 01/13/2020
Form FN (Rev 1/00) 153,593.00 Request # 20-002-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 6065 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Briefly describe by section number, the significant provisions of the bill, and any related workload or policy assumptions, that have revenue or
expenditure impact on the responding agency.
This bill creates the Washington Blockchain Work Group. Section 1(d) states that the director of the Department
of Financial Institutions, or the director's designee, will be a member of this workgroup. The costs of
participating in this workgroup are expected to be minimal and will be absorbed by the Department.
II. B - Cash receipts Impact
Briefly describe and quantify the cash receipts impact of the legislation on the responding agency, identifying the cash receipts provisions by section
number and when appropriate the detail of the revenue sources. Briefly describe the factual basis of the assumptions and the method by which the
cash receipts impact is derived. Explain how workload assumptions translate into estimates. Distinguish between one time and ongoing functions.
II. C - Expenditures
Briefly describe the agency expenditures necessary to implement this legislation (or savings resulting from this legislation), identifying by section
number the provisions of the legislation that result in the expenditures (or savings). Briefly describe the factual basis of the assumptions and the
method by which the expenditure impact is derived. Explain how workload assumptions translate into cost estimates. Distinguish between one time
and ongoing functions.
Part III: Expenditure Detail
Part IV: Capital Budget Impact
NONE
Part V: New Rule Making Required
Identify provisions of the measure that require the agency to adopt new administrative rules or repeal/revise existing rules.
Establishing the Washington blockchain work group. 102-Department of Financial Institutions
Form FN (Rev 1/00) 153,593.00 Request # 20-002-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 6065 SB
Individual State Agency Fiscal Note
Bill Number: 6065 SB Title: Establishing the Washington blockchain work Agency: 103-Department of
group. Commerce
Part I: Estimates
X No Fiscal Impact
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Angela Kleis Phone: 360-786-7469 Date: 01/06/2020
Agency Preparation: Karen McArthur Phone: 360-725-4027 Date: 01/09/2020
Agency Approval: Joyce Miller Phone: 360-725-2710 Date: 01/09/2020
OFM Review: Gwen Stamey Phone: (360) 902-9810 Date: 01/10/2020
Form FN (Rev 1/00) 153,754.00 Request # 009-700-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 6065 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Briefly describe by section number, the significant provisions of the bill, and any related workload or policy assumptions, that have revenue or
expenditure impact on the responding agency.
Section 1 establishes a blockchain workgroup to examine various potential applications for blockchain
technology.
Section 2(c) adds the Department of Commerce (department) director or designee as one of the work group
members.
Section 5 requires the work group to hold its inaugural meeting by August 1, 2020, and to select a work group
chair from the members at this meeting. The chair is responsible for arranging subsequent meetings and
developing meeting agendas.
Section 11 requires the work group to submit a report on recommended policies that will facilitate the
development of blockchain application in Washington to the governor and appropriate legislative committees by
December 1, 2021.
Section 12 dissolves the work group January 1, 2022.
II. B - Cash receipts Impact
Briefly describe and quantify the cash receipts impact of the legislation on the responding agency, identifying the cash receipts provisions by section
number and when appropriate the detail of the revenue sources. Briefly describe the factual basis of the assumptions and the method by which the
cash receipts impact is derived. Explain how workload assumptions translate into estimates. Distinguish between one time and ongoing functions.
NONE
II. C - Expenditures
Briefly describe the agency expenditures necessary to implement this legislation (or savings resulting from this legislation), identifying by section
number the provisions of the legislation that result in the expenditures (or savings). Briefly describe the factual basis of the assumptions and the
method by which the expenditure impact is derived. Explain how workload assumptions translate into cost estimates. Distinguish between one time
and ongoing functions.
There is no fiscal impact to the department. The activities stated in SHB 1328 are already part of the normal
operating procedures within the department.
Part III: Expenditure Detail
Part IV: Capital Budget Impact
NONE
Part V: New Rule Making Required
Identify provisions of the measure that require the agency to adopt new administrative rules or repeal/revise existing rules.
NONE
Establishing the Washington blockchain work group. 103-Department of Commerce
Form FN (Rev 1/00) 153,754.00 Request # 009-700-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 6065 SB
Individual State Agency Fiscal Note
Bill Number: 6065 SB Title: Establishing the Washington blockchain work Agency: 163-Consolidated
group. Technology Services
Part I: Estimates
X No Fiscal Impact
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Angela Kleis Phone: 360-786-7469 Date: 01/06/2020
Agency Preparation: Wendy Armstrong Phone: 360-407-8977 Date: 01/08/2020
Agency Approval: Tim Gallivan Phone: (360) 407-8215 Date: 01/08/2020
OFM Review: Bryan Way Phone: (360) 902-0650 Date: 01/08/2020
Form FN (Rev 1/00) 153,594.00 Request # 6065 SB-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 6065 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Briefly describe by section number, the significant provisions of the bill, and any related workload or policy assumptions, that have revenue or
expenditure impact on the responding agency.
This bill establishes the Washington blockchain workgroup to examine various potential applications for
blockchain technology including but not limited to applications in computing, banking and other financial
services, the real estate transaction process, health care, and public record keeping.
Section 1(2) establishes members of the workgroup to include the director of Consolidated Technology Services
(WaTech) or his/her designee.
There is no fiscal impact from this bill to WaTech. It is assumed WaTech can absorb the costs for this proposed
bill in its base budget if the workload of other enacted legislation does not exceed current staffing levels.
II. B - Cash receipts Impact
Briefly describe and quantify the cash receipts impact of the legislation on the responding agency, identifying the cash receipts provisions by section
number and when appropriate the detail of the revenue sources. Briefly describe the factual basis of the assumptions and the method by which the
cash receipts impact is derived. Explain how workload assumptions translate into estimates. Distinguish between one time and ongoing functions.
None.
II. C - Expenditures
Briefly describe the agency expenditures necessary to implement this legislation (or savings resulting from this legislation), identifying by section
number the provisions of the legislation that result in the expenditures (or savings). Briefly describe the factual basis of the assumptions and the
method by which the expenditure impact is derived. Explain how workload assumptions translate into cost estimates. Distinguish between one time
and ongoing functions.
None.
Part III: Expenditure Detail
Part IV: Capital Budget Impact
NONE
Part V: New Rule Making Required
Identify provisions of the measure that require the agency to adopt new administrative rules or repeal/revise existing rules.
None.
Establishing the Washington blockchain work group. 163-Consolidated Technology Services
Form FN (Rev 1/00) 153,594.00 Request # 6065 SB-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 6065 SB
File and source
- File
- 2020-02-26_a26766_d217987_6065-fn-02-25-20.pdf
- Size
- 342,925 bytes
- SHA-256
- a795c223fa47ece4131c4d6d31ad7cbc622bfad5265c95a147616f80c9b1583a
- Original
- No public link identified.