FISCAL NOTE

Senate Bill 204 as introduced authorizes the Alabama Professional Bail Bonding Board to: 1) increase, by rule, the application fee for a professional bondsman, professional surety bondsman, or a recovery agent from the current $125 to a fee not to exceed $500 and the annual renewal fee for a professional bondsman, professional surety bondsman, or recovery agent from the current $50 to a fee not to exceed $500; 2) establish, by rule, a license application fee for a professional bail company or a professional surety company in an amount not to exceed $500, and a renewal fee of $100; and 3) issue a 120-day apprentice license to an applicant under certain conditions for a fee not to exceed $50.

In addition, this bill could increase receipts to the State General Fund from fines; increase receipts to the State General Fund, county general funds and other funds to which court costs are deposited; and could increase the obligations of the State General Fund, district attorneys, the Board of Pardons and Paroles, the Department of Corrections, and community corrections programs by an undetermined amount dependent upon the number of persons charged with and convicted of the offenses provided by the bill and the penalties imposed.

As amended and reported by the Committee on Banking and Insurance provides that the annual license renewal fee, established by rule, for a professional bondsman or a professional bail company owner shall be up to $100.