Fiscal Note - State of Utah - 2013 General Session
HB0248S01 - Division of Securities Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will shift the Division of Securities' budget of $2,047,900 from the Department of Commerce to the Department of Insurance. The reorganization will cost $80,700 ongoing from the General Fund in FY 2014 for a financial analyst in the Department of Insurance. Since expenditures from both the Division of Securities and the Department of Insurance impact annual transfers to the General Fund, the cost would be indirectly to the General Fund.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| General Fund | $0 | $80,700 | $80,700 |
| Total Expenditure | $0 | $80,700 | $80,700 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($80,700) | ($80,700) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($80,700) | ($80,700) |
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 likely will not result in direct, measurable expenditures by Utah residents or businesses.
Performance Note Required? (Joint Rule 4-2-404): No
| 1/31/2013, 7:18:54 AM, Lead Analyst: Wilko, A./Attny: PO | Office of the Legislative Fiscal Analyst |