Fiscal Note - State of Utah - 2011 General Session
SB0101S01 - Utah Uniform Securities Act Enforcement
State Government (UCA 36-12-13(2)(b)):
Annual new revenue to the Securities Investor Education and Training Fund of $140,000 is expected as a result of this legislation. Balances in this restricted fund in excess of $100,000 are transferred to the General Fund.
Hearing and incarcerations costs associated with this legislation are estimated at $28,400 in the first year, and $56,800 in the second year.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| General Fund | $0 | $140,000 | $140,000 |
| Total Revenue | $0 | $140,000 | $140,000 |
| Expenditure: | |||
| General Fund | $0 | $56,000 | $56,000 |
| General Fund, One-Time | $0 | ($28,000) | $0 |
| Total Expenditure | $0 | $28,000 | $56,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $112,000 | $84,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $112,000 | $84,000 |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
An estimated 20 individuals per year may face increased fines and penalties associated with securities fraud.
| 2/8/2011, 8:29:51 AM, Lead Analyst: Pratt, S./Attny: PO | Office of the Legislative Fiscal Analyst |