Fiscal Note - State of Utah - 2011 General Session

SB0112 - Retirement System Divestment

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may result in additional administrative costs to the Utah Retirement System of $38,000 ongoing in FY 2012. Annual revenue losses to the Utah Retirement System's current portfolio of investments is estimated at $1,800,000.

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)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.