Fiscal Note
HB0138 - Sudan Divestment Act
State Impact:
Enactment of this bill may result in foregone revenue for the Utah Retirement Systems of $1,726,000 in FY 2009 and $1,705,000 in years thereafter based on URS's current portfolio of investments. This bill may limit future investments by the Utah Retirement Systems and as a result may affect its ability to maximize returns, which in turn may affect existing unfunded liabilities or future contribution rates.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| Total | $0 | $0 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 2/6/2008, 1:12:49 PM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |