Fiscal Note - State of Utah - 2013 General Session

SB0064 - Homeowner Association Reserve Account Amendments

State Government (UCA 36-12-13(2)(b)):
Costs to the Commerce Department for implementation of the provisions of the bill would be $1,100 ongoing and $5,700 one-time in FY 2014 from the Commerce Service Fund. Spending from the Commerce Service Fund affects annual transfers to the General Fund.

State Budget Detail TableFY 2013FY 2014FY 2015
Revenue:   
General Fund$0($1,100)($1,100)
General Fund, One-Time$0($5,700)$0
Commerce Service Fund$0$1,100$1,100
Commerce Service, One-time$0$5,700$0
   Total Revenue$0$0$0
    
Expenditure:   
Commerce Service Fund$0$1,100$1,100
Commerce Service, One-time$0$5,700$0
   Total Expenditure$0$6,800$1,100
    
Net Impact, All Funds (Rev.-Exp.)$0($6,800)($1,100)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($6,800)($1,100)

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

2/7/2013, 12:22:35 PM, Lead Analyst: Wilko, A./Attny: CRGOffice of the Legislative Fiscal Analyst