Fiscal Note - State of Utah - 2014 General Session

HB0024S03 - Insurance Related Amendments

State Government (UCA 36-12-13(2)(b)):
Costs to the Insurance Department to fund the retirement changes allowed in the bill for fraud investigations officers could be $62,300 annually from the Insurance Fraud Investigation Fund.

State Budget Detail TableFY 2014FY 2015FY 2016
Revenue$0$0$0
    
Expenditure:   
General Fund Restricted$0$62,300$62,300
   Total Expenditure$0$62,300$62,300
    
Net Impact, All Funds (Rev.-Exp.)$0($62,300)($62,300)
   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 likely will not result in direct, measurable expenditures by Utah residents or businesses.

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

3/12/2014, 6:49:16 PM, Lead Analyst: Wilko, A./Attny: POOffice of the Legislative Fiscal Analyst