Fiscal Note - State of Utah - 2013 General Session

HB0137 - Credit Service Organizations Act Revisions

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could decrease revenue to the Commerce Service Fund by about $2,500 due to the reclassification of debt management services. There could also be a decrease in processing costs for the Department of Commerce of a corresponding amount.

State Budget Detail TableFY 2013FY 2014FY 2015
Revenue:   
Commerce Service Fund$0($2,500)($2,500)
   Total Revenue$0($2,500)($2,500)
    
Expenditure:   
Commerce Service Fund$0($2,500)($2,500)
   Total Expenditure$0($2,500)($2,500)
    
Net Impact, All Funds (Rev.-Exp.)$0$0$0
   Net Impact, General/Education Funds (Rev.-Exp.)$0$0$0

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill could exempt 10 filers from a $250 filing fee for a cumulative savings of $2,500.

Performance Note Required? (Joint Rule 4-2-404): No

2/14/2013, 5:43:08 PM, Lead Analyst: Wilko, A./Attny: CRGOffice of the Legislative Fiscal Analyst