Box 7C and box 8: What is the difference between “anticipated cost or savings to other persons ” and “compliance costs for affected persons”?
The difference is the breadth of scope. In box 7C, provide an aggregate cost (e.g., the impact of the filing on all dry cleaners in the state). In box 8, provide the potential cost to a person–defined broadly to include “any individual, partnership, corporation, associationn, governmental entity, or public or private organization of any character other than an agency” (e.g., the impact of the filing on a single dry cleaner). REMEMBER: • Use complete sentences. • Do not enter “N/A” — this information is always applicable. EXAMPLE: Box 8: Compliance cost for affected persons: There are 30 schools that will be required to get a surety bond. It is anticipated that the amount of the bond will range from approximately $5,000 to $60,000 depending on the number of students being taught. It will cost the schools a premium cost of approximately $10 per $1,000 per year. It is anticipated that the maximum amount an individual school will pay in premiums for the surety bond will be approximately
