Fiscal Note - State of Utah - 2014 General Session
HB0109S02 - Public Education Capital Funding Equalization
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill allocates Education Fund revenue surplus, if any, up to $25 million, to the newly created Capital Outlay Account.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue | $0 | $0 | $0 |
| Expenditure | $0 | $0 | $0 |
| 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 allocates Education Fund revenue surplus, if any, up to $25 million, to the Capital Outlay Account, which is distributed 50/50 to the Capital Outlay Enrollment Growith and Capital Outlay Foundation programs. Should $25 million be distributed according to the the two progams, a receiving district may receive between $10,000 and $8,160,000.
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
| 3/7/2014, 10:15:43 AM, Lead Analyst: Young, T./Attny: AOS | Office of the Legislative Fiscal Analyst |